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Located East of I49. Easily manageable strip center with excellent long term tenants. Recent interior renovations for some tenants. Parking lot recently repaired. Nice Gross 12% cap rate. Annual income $64,200.
Taxes are $9,636/annually Insurance $2,098/annually
Water and trash expenses are responsibility of restaurant. - Parking description: Paved parking - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants
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On average, listings lease in the $20's per square foot per year. The Cedar Grove-Lynbrook submarket is going through a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.
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