Popeye's Leases Retail Space At 4053 Us-1, South Brunswick Township
4053 Us-1, South Brunswick Township...
Building Size
2,500 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The retail property located at 4053 Route 1 in South Brunswick Township, part of the Bracey market, has been leased by Popeye's. The transaction involved 2,500 square feet of space and was facilitated by The Goldstein Group, with Mark Handwerker representing the landlord, K-Land No. 68 LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 4053 Route 1, South Brunswick Township
- Market: Bracey
- Tenant: Popeye's
- Landlord: K-Land No. 68 LLC
- Square Feet: 2,500
The Goldstein Group, a prominent brokerage firm, played a crucial role in this lease deal. Mark Handwerker, from the firm, represented the landlord, K-Land No. 68 LLC, while also representing the tenant, Popeye's. The active involvement of The Goldstein Group in retail leasing underscores their dedication to facilitating agreements between landlords and tenants in the commercial real estate sector.
Players
Bracey Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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