Wingstop Leases 1,848 Square Feet At Rutgers Plaza In Franklin Township New Jersey
940 Easton Avenue
Building Size
1,848 SF
Asset Type
Retail
Closing
Jun 3, 2026
AI
The property asset is a retail space located at 940 Easton Avenue, Somerset, NJ, encompassing a total of 1,848 square feet. This lease involves a notable presence in a Stop & Shop-anchored retail center, which has shown consistent demand for high-traffic suburban retail spaces.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 940 Easton Avenue
- Market: Somerset, NJ
- Square Footage: 1,848
- Tenant: Wingstop
- Landlord's Representative: Ed Vasconcellos III - LEVIN Management
- Tenant's Representative: Marta Villa - CBRE
The lease deal for Wingstop was completed on 06/03/2026, marking an expansion into Central Jersey as the chain continues to increase its presence across New Jersey and beyond. This transaction was facilitated by Levin Management Corp. and CBRE, emphasizing a trend of drawing in new tenants that include food and entertainment concepts.
Players
Market 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