Fleet One Auto Parts Leases Retail Space At 868 Cranbury Road In South Brunswick Twp., NJ
868 Cranbury-South River Road, South Brunswick, New Jersey 08831, United States
Building Size
5,100 SF
Asset Type
Retail
Closing
Dec 30, 2021
AI
The retail property located at 868 Cranbury Road in South Brunswick Twp., NJ has been leased. The transaction was finalized on December 31, 2021. The asset spans a total of 5,100 square feet and is owned by 868 Cranbury Rd Associates. The tenant for this lease is Fleet One Auto Parts. The lease type is a NNN Lease, with an asking rent of $25 per square foot, NNN. The lease terms are set for a duration of 10 years, with options available.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 868 Cranbury Road, South Brunswick Twp., NJ
- Market: South Brunswick Twp., NJ
- Landlord: 868 Cranbury Rd Associates
- Tenant: Fleet One Auto Parts
- Broker: James S. Chiarello - Kroll Commercial Realty LLC
- Asking Rent: $25/ft. NNN
- Lease Type: NNN Lease
- Lease Terms: 10 Year Lease w/ options
The lease transaction was handled by James S. Chiarello from Kroll Commercial Realty LLC. James Chiarello can be reached at 609-864-5766.
Players
Jamesburg 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