Updated Apr 16, 2026
Barnes & Noble Leases Retail Space At 1308 NJ-23 In Wayne For $25 Per Ft
1308 Nj-23, Wayne, Nj 07470
$25
$25/SF
Building Size
22,182 SF
Asset Type
Retail
Closing
Feb 10, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 1308 NJ-23, Wayne. The deal features an asking rent of $25 per square foot for a total space of 22,182 square feet. The lease type is classified as a NNN Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25/ft
- Total Square Footage: 22,182
- Address: 1308 NJ-23
- Market: Wayne
- Landlord: Ray Fallon
- Tenant: Barnes & Noble
- Brokers: Marc Palestina & CJ Huter - VanRockCRE
The key individuals involved in this deal include Ray Fallon who serves as the landlord, and Barnes & Noble, the tenant. The transaction was facilitated by brokers Marc Palestina and CJ Huter from the agency VanRockCRE, who represented the parties in this leasing agreement.
On the Map
$25
$25/SF
Retail
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Players
Wayne 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93