Single Tenant NNN Leased Building | 201 N Hermitage Ave
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Single Tenant NNN Leased Building 201 N Hermitage Ave
7,140 SF Retail Building Trenton, NJ 08618 $769,000 ($108/SF) 7.43% Cap Rate
Executive Summary
7,140 SF freestanding building with private parking lot in Trenton. Updated roof, HVAC, fire systems, etc. Newly inked 10 year NNN lease with established regional Grocer with 2 additional locations. Adjacent to multiple municipal buildings and shopping/retail center. Highly visible pad site, corner location. Surrounded by dense residential units. Stellar passive income opportunity. Call listing broker for financials and any information necessary.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,140 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
$769,000
Price Per SF
$108
Cap Rate
7.43%
NOI
$57,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.44 AC
Zoning
BB - a professional and office zoning district
Parking
17 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
159 FT on N Hermitage Ave
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Grocer
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Grocer | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11-02801-0000-00001 | Improvements Assessment | $126,500 |
| Land Assessment | $176,000 | Total Assessment | $302,500 |
PROPERTY TAXES
Parcel Number
11-02801-0000-00001
Land Assessment
$176,000
Improvements Assessment
$126,500
Total Assessment
$302,500
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Single Tenant NNN Leased Building | 201 N Hermitage Ave
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