Nothing Bundt Cakes Signs Lease For 2,500 SF Retail Space In Howell
Building Size
2,500 SF
Asset Type
Retail
Closing
Nov 15, 2023
AI
Nothing Bundt Cakes is expanding with a new 2,500-square-foot location in Aldrich Plaza, Howell, marking its second spot in the tri-state area. The popular specialty cake company, known for its handcrafted bundt cakes, is adding to the dessert-inspired retail category at the Monmouth County shopping center.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 4053 US-9 North
- Market: Howell
- Square Footage: 2,500 SF
Nothing Bundt Cakes has signed a lease for a 2,500-square-foot space in Aldrich Plaza, located at 4053 US-9 North in Howell. The specialty cake company is known for its handcrafted bundt cakes and is expanding its presence in the tri-state area. The lease was facilitated by E.J. Moawad & Kendal Hand-Freda of LEVIN Management Corporation, representing the landlord, and Mark Stanislawski ofRetail Strategy, representing Nothing Bundt Cakes.
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