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4 Royal Rd 9,832 sq ft Retail Property Flemington, NJ 08822 £2,429,895 (£247.14/sq ft) 5.51% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Single tenant triple net lease until 2035, with three 5-year options
- The rent is $14,911/month, $178,942/year, zero landlord expenses
- Zero landlord expenses
- Investment property that offers stability and long term income predictability.
- Modern building, all maintenance handled by tenant
EXECUTIVE SUMMARY
This is an established one-tenant child care center with a N-N-N lease that extend through July 31, 2035 with three 5-year options to extend. No expenses to owner. This property offers stability and income predictability.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Property Size
9,832 sq ft
Costar Property Class
B
Year Built
2003
Price
£2,429,895
Price per sq ft
£247.14
Yield
5.51%
NOI
£133,788
Tenancy
Single
Number of Floors
1
Plot ratio
0.08
Total Plot Size
2.86 ac
Use Class
I-2 - I-2 Industrial Zone, including Child-care centers Business/professional offices, Research facilities, Industrial park, Flex space, Manufacturing, etc.
Frontage
125 ft on Royal Road
AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-00036-03-00001 | Improvements Assessment | £980,930 |
| Land Assessment | £514,390 | Total Assessment | £1,495,320 |
PROPERTY TAXES
Parcel Number
21-00036-03-00001
Land Assessment
£514,390
Improvements Assessment
£980,930
Total Assessment
£1,495,320
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4 Royal Rd
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