Aroma De Cafe Leases Retail Space At 227 Franklin Avenue, Nutley
LEASED
$32
New Jersey
See Similar DealsRetail6,000 SF
Leased 05/16/2024
LEASED
Aroma De Cafe Leases Retail Space At 227 Franklin Avenue, Nutley
227 Franklin Avenue
See Similar DealsRetail6,000 SF
Leased 05/16/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$32
Total Square Footage:6,000 SF
Transaction Type:Lease
The retail property located at 227 Franklin Avenue in Nutley has been leased to Aroma De Cafe. The space spans 6,000 square feet with an asking rent of $32 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Aroma De Cafe
- Brokers: Gregory Edgell & Chris Vitiello - Grid Real Estate
- Date: 05/16/2024
- Address: 227 Franklin Avenue, Nutley
Gregory Edgell and Chris Vitiello of Grid Real Estate facilitated the lease deal for Aroma De Cafe. The brokers secured an executed Letter of Intent (LOI) within 17 days of the property being on the market, demonstrating their efficiency in finding the right tenant for the space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$220,106.48
Total Lease Value
$2,201,064.83
Net Landlord Cash Flow$220,106.48
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