15 E Henry St
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15 E Henry St
1,953 SF 100% Leased Retail Building Basking Ridge, NJ 07920 $1,065,000 ($545/SF) 5.75% Cap Rate
Investment Highlights
- Long term tenants
- Main corner in town
- Good signage
- Ample free parking
- Never vacant in 30 years
- No deferred maintenance
Executive Summary
First time available in 30 years. 3 tenant office building at the corner of South Finley and Henry Streets in Downtown Basking Ridge. Building located on the main corner downtown. All tenants are long term with no vacancies in 30 years. The building is well maintained with no deferred maintenance. The tenants are Edward Jones Investments, Wabba Travel and Country Tailor. Two leases are gross plus taxes over base year, the third is NN+ with taxes over base year. The building backs up to a free municipal parking lot with street parking as well. Building was renovated with Hardi-plank siding and a new roof in 2014.
DO NOT APPROACH TENANTS. SHOWING BY APPOINTMENT ONLY
DO NOT APPROACH TENANTS. SHOWING BY APPOINTMENT ONLY
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,953 SF
Building Class
C
Year Built
1945
Price
$1,065,000
Price Per SF
$545
Cap Rate
5.75%
NOI
$61,238
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.34
Lot Size
0.13 AC
Zoning
B1 - Zoning allows for office and retail
Frontage
75 FT on South Finley
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-01603-0000-00008-01 | Improvements Assessment | $420,900 (2024) |
| Land Assessment | $128,100 (2024) | Total Assessment | $549,000 (2024) |
PROPERTY TAXES
Parcel Number
02-01603-0000-00008-01
Land Assessment
$128,100 (2024)
Improvements Assessment
$420,900 (2024)
Total Assessment
$549,000 (2024)
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15 E Henry St
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