VIVE Collision
Nutley, NJ
Key Details
| Price: | $3,448,276 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $250,000 |
| Address: | 85 Park Avenue, Nutley, New Jersey 07110 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.66 Acres |
| Building Size: | 13,493 SF |
| Year Built: | 1921 |
| Year Renovated: | 2024 |
NNN Pro is pleased to present the exclusive listing for a VIVE Collision located at 85 Park Avenue, Nutley, New Jersey 07110. The site consists of roughly 13493 rentable square feet of building space on an estimated 0.66-acre parcel of land. This VIVE Collision is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $250,000 and has scheduled increases of 2.00% Annually.
Key Details
| Price: | $3,448,276 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $250,000 |
| Address: | 85 Park Avenue, Nutley, New Jersey 07110 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.66 Acres |
| Building Size: | 13,493 SF |
| Year Built: | 1921 |
| Year Renovated: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Alexandre Marietto
amarietto@nnnpro.com
License: NY: 10401294047
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Gordon Pollock
gpollock@nnnpro.com
License: NY: 10401370688
Broker of Record
Brian Brockman
Bang Realty-New Jersey, Inc
License: 2078547
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.