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650 Shoppes Blvd North Brun...

Big Blue Swim School Leases 9,746 SF At Shoppes At North Brunswick
LEASEDRetail

Big Blue Swim School Leases 9,746 SF At Shoppes At North Brunswick

650 Shoppes Blvd North Brunswick Township, Nj 08902, Usa

$20

$20/SF

Building Size

9,746 SF

Asset Type

Retail

Closing

May 10, 2023

AI

Big Blue Swim School has leased 9,746 square feet at the Shoppes at North Brunswick, located at 650 Shoppes Blvd. This lease transaction adds to the shopping center's diverse mix of specialty stores, fitness facilities, and restaurants and brings the center's occupancy to 94%.

Summary of transaction details

  • Property Type: Retail
  • Address: 650 Shoppes Blvd

Big Blue Swim School has chosen the Shoppes at North Brunswick as the location for their third facility in New Jersey. Azarian Realty Co facilitated the lease deal, representing the landlord and securing the tenant for the retail space. The addition of Big Blue Swim School further enhances the offerings of the shopping center, catering to the community's demand for recreational and educational facilities.

Players

Kevin Pelio

Azarian Realty Group

Broker

9 deals

Broker

New Jersey Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

793150.00%

Cash-on-Cash

-226684.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93