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
About this deal
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