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POPEYES AND INFINIHEALTH MEDICAL GROUP 341-345 Essex St

4,000 SF 100% Leased Retail Building Hackensack, NJ 07601 $3,608,891 ($902/SF) 5.50% Cap Rate

Investment Highlights

  • Healthy Sales: Popeyes produced a 7% rent-to-sales ratio in 2023 with sales estimated to increase this year.
  • NNN Property: Tenants pay their share of CAM, Taxes, and Insurance.
  • Strategically Located: Located on a hard signalized corner.

Executive Summary

Broker of Record
Patrick Forde
License No. 2330333 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
52 Park Avenue,
Suite B5, Park Ridge NJ 07656

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
B
Year Built
1986
Price
$3,608,891
Price Per SF
$902
Cap Rate
5.50%
NOI
$198,489
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
B-1
Parking
6.5 Spaces per 1,000 SF Leased
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Planet Fitness
OceanFirst Bank
Bank of America
Starbucks
Giovannis Pizza
Blimpie
PNC Bank
Stop & Shop
Sarku Japan
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-00128-0000-00037
Land Assessment
$975,000
Improvements Assessment
$125,000
Total Assessment
$1,100,000
  • Listing ID: 33910818

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 341-345 Essex St, Hackensack, NJ 07601

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