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4053 Us-1, South Brunswick ...

Popeye's Leases Retail Space At 4053 Us-1, South Brunswick Township
LEASEDRetail

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

Mark Handwerker

The Goldstein Group

Broker

7 deals

Broker
P
Popeye'sTenant

Bracey 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