365 Route 10 | East Hanover, NJ 07936
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- LoopNet Team
365 Route 10
East Hanover, NJ 07936
Retail Property For Sale
Investment Highlights
- Extremely affluent demographic profile within the immediate area
- Strong retail market with average rents near $30/SF
- Upside potential on current rents upon rollover
- Prime retail corridor within Morris County with frontage on Rte 10
- 100% occupancy and anchored by national retailers – Pier 1 and Mattress Firm
- Solar panels installed 13 years ago - estimated SREC income over the next 2 years projected at $28,245 (est energy savings projected at $18,400/yr)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
63,596 SF
Building Class
C
Year Built
1965
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
2.61 AC
Zoning
B-2 - Commercial Retail
Parking
70 Spaces (1.1 Spaces per 1,000 SF Leased)
About 365 Route 10 , East Hanover, NJ 07936
Building 1 is currently occupied by Capitol Lighting and Mattress Firm. Capitol Lighting is currently occupying 23,750 square feet of the retail area and 15,340 square feet of storage space. Mattress firm is renting 6,910 square feet of retail space. Building 2 is occupied by Pier 1 Imports who is leasing 7,798 feet of retail space and is also using 4,751 feet of warehouse/storage space.
PROPERTY TAXES
| Parcel Number | 10-00102-0000-00001 | Improvements Assessment | $4,386,900 |
| Land Assessment | $1,513,100 | Total Assessment | $5,900,000 |
PROPERTY TAXES
Parcel Number
10-00102-0000-00001
Land Assessment
$1,513,100
Improvements Assessment
$4,386,900
Total Assessment
$5,900,000
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