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4053 US-9 North

Nothing Bundt Cakes Signs Lease For 2,500 SF Retail Space In Howell
LEASEDRetail

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

Kendal Hand-Freda

Broker

2 deals

Broker

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