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Burger King Leases Retail Space In West Caldwell, NJ On Bloomfield Ave

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LEASED

New Jersey

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Retail3,659 SF
Leased 03/25/2021
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LEASED

Burger King Leases Retail Space In West Caldwell, NJ On Bloomfield Ave

940 Bloomfield Avenue, West Caldwell, NJ, USA

See Similar Deals
Retail3,659 SF
Leased 03/25/2021
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Summary

NEW JERSEY
Asset Type:Retail
Total Square Footage:3,659 SF
Transaction Type:Lease

940 Bloomfield Ave in West Caldwell has been leased to Devs Foods LLC, also known as Burger King. The landlord for this retail property is Mundelein Development LLC. The lease deal was facilitated by brokers Chris Conway and Jason Pierson.

Summary of transaction details:

  • Property Type: Retail
  • Address: 940 Bloomfield Ave, West Caldwell
  • Market: West Caldwell
  • Tenant: Devs Foods LLC/Burger King
  • Landlord: Mundelein Development LLC
  • Brokers: Chris Conway & Jason Pierson
  • Asking Rent: $130,000/yr
  • Size: 3,659 sqft

This lease deal for 940 Bloomfield Ave marks a significant transaction in the West Caldwell retail market. Devs Foods, operating as Burger King, will now be occupying this space. Mundelein Development LLC is the landlord for this property located in West Caldwell. The brokers involved in this lease deal are Chris Conway and Jason Pierson.

Note: The deal received final approval on 4/15/2021 and is scheduled to open as a repositioned dual drive-thru concept.

Players

Christopher (Chris) Conway
40 deals$12.1M volume
BROKER

Christopher (Chris) Conway
Atlantic Coastal Real Estate
40 deals$12.1M volume
BROKER

Jason Pierson
2 deals$9M volume
BROKER

The Goldstein Group
BROKERAGE

Details

LEASED
IMAGE: Chris Conway & Jason Pierson DATE: 03/25/2021 ADDRESS: 940 Bloomfield Ave MARKET: West Caldwell ASSET TYPE: Retail TENANT: Devs Foods LLC/Burger King LANDLORD: Mundelein Development LLC BROKERS: Chris Conway (@Retail_Cre) & Jason Pierson (@PiersonCommercial) ASKING RENT: $130,000/yr ~ SF: 3,659 NOTE FROM (@Retail_Cre): Deal received final approval opening 4-15-21 repositioned for dual drive-thru.

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Deal Type
Effective Rent (Annual)

$209,731.67

Total Lease Value

$2,097,316.72

Net Landlord Cash Flow$209,731.67