Updated Oct 12, 2026
Pegasus Investments Acquires Walmart Supercenter In Linden For $55M
1050 W Edgar Rd Linden, NJ 07036, USA
$55,000,000
$295/SF
Building Size
186,000 SF
Asset Type
Retail
Closing
Jun 29, 2023
About this deal
AI
Pegasus Investments has acquired a Walmart Supercenter in Linden, New Jersey for $55 million. The property is located at 1050 West Edgar Road and spans 14 acres. It features a 186,000 square foot building with a long-term lease to Walmart. This strategic location is in close proximity to transportation hubs and retail centers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $55,000,000
- Address: 1050 West Edgar Road
- Market: Linden
- Acres: 14
The buyer, Pegasus Investments, represented by David Chasin & Chad Buelow, successfully acquired the property from Cypress Equities. The sale was facilitated by SRS National Net Lease Group, acting as the broker in the transaction. The property's size, prime location, and its long-term lease to Walmart make it an attractive investment opportunity for Pegasus Investments.
On the Map
$55,000,000
$295/SF
Retail
View full map
Players
New Jersey Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit David Chasin to view all their deals.
Browse New Jersey retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93