McDonald's Signs Lease For 3,655 Square-Foot Retail Space In Oakland New Jersey
24 West Oakland Avenue
Building Size
3,655 SF
Asset Type
Retail
Closing
Jun 29, 2026
AI
A retail lease has been finalized for a property at 24 West Oakland Avenue in Oakland, New Jersey. The asset encompasses 3,655 square feet situated on 1.89 acres, strategically positioned near Interstate 287.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 24 West Oakland Avenue
- Market: Oakland, NJ
- Landlord: Landmark Oakland 24 LLC
- Tenant: McDonald's
- Landlord's Representative: Jordan Leibowitz & David Zolotorofe
- Tenant's Representative: Chuck Lanyard & Marc Palestina - The Goldstein Group
McDonald's has expanded its footprint with the opening of a new restaurant after signing the lease last fall. The deal was facilitated with representation for the tenant by Chuck Lanyard and Marc Palestina from The Goldstein Group, while the landlord was represented by Jordan Leibowitz and David Zolotorofe.
Players
Oakland City 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