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220 South Avenue West

LEASEDRetail

Tory Bartlett Inks Lease For PopUp Bagels New Retail Location In Westfield For 1,500 SF

220 South Avenue West

Building Size

1,500 SF

Asset Type

Retail

Closing

Jul 13, 2026

AI

The property involved in this lease transaction is a retail space located at 220 South Avenue in Westfield, NJ. The asset comprises 1,500 square feet, which will host PopUp Bagels' first New Jersey location. The leasing arrangement allows for the potential expansion of the bagel chain within the state.

Summary of transation details:

This transaction marks a significant development for the tenant, as PopUp Bagels is set to introduce a store designed for commuter accessibility, positioning the chain for a statewide expansion expected to exceed 25 locations across New Jersey. Levin Management Corp. acted as the representative for the landlord in this lease agreement.

Players

Michael Testa

Catalyst Real Estate Partners

Broker

6 deals

Broker
Matthew Harding

Matthew Harding

Levin Management

Landlord

2 deals

Landlord
Tory Bartlett

Tory Bartlett

PopUp Bagels

Tenant
Tenant

Westfield 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