Vio Med Spa Signs 3000 SF Lease At The Shoppes At North Brunswick With Landlord's Rep Kevin Pelio
650 Village Drive South
Building Size
3,000 SF
Asset Type
Retail
Closing
May 22, 2025
AI
The leased property is a retail space located at 650 Shoppes Boulevard in North Brunswick, with a total area of 3,000 square feet. Vio Med Spa has signed a lease for this location, which is notable for being its fifth establishment in New Jersey.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 650 Shoppes Boulevard
- Market: North Brunswick
- Asset Size: 3,000 SF
- Tenant: Vio Med Spa
- Landlord's Representative: Kevin Pelio - Azarian Realty Group
- Tenant's Representative: Danielle R. Brunelli - R.J. Brunelli & Co
Kevin Pelio from Azarian Realty Group represented the landlord in this lease transaction, while Danielle R. Brunelli from R.J. Brunelli & Co represented Vio Med Spa, the tenant in the deal.
Players
North Brunswick 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93