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65 River Rd

13,361 SF 100% Leased Retail Building Edgewater, NJ 07020 $9,680,000 ($724/SF) 6.25% Cap Rate

Retail Buildings New Jersey Edgewater 65 River Rd, Edgewater, NJ 07020

Investment Highlights

  • Along Hudson River Across from New York City in a Dense and Affluent Area with Over 50,000 People Living Within a Mile Radius of the Property Making a
  • Rent Escalates 25% at the Start of the First Option, Rent Escalates 15% at the Start of Each Option Thereafter
  • Shadow Anchored by HomeGoods
  • 10.5+ Years Remaining in the Base Term with Four 5-Year Options Thereafter
  • Immediately Surrounded by The View West, The View South, The View @ Edgewater, The Pearl & The Oyster Combining for 280 Residential Units and Ground F
  • Steps From 115 River Rd, A Massive Current Development of 4 Buildings Ranging From 595 to 714 Feet Tall, Housing 1,919 Residential Units

Attachments

CVS - 65 River Rd, Edgewater, NJ 07020 - OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,361 SF
Building Class
B
Year Built
2010
Price
$9,680,000
Price Per SF
$724
Cap Rate
6.25%
NOI
$605,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.04 AC
Zoning
OR-1
Parking
56 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
86 FT on River Rd

Amenities

  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
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65 River Rd, Edgewater, NJ - aerial map view - Image1
65 River Rd, Edgewater, NJ - aerial map view - Image2
Walk Score ®
Very Walkable (74)
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Nearby Major Retailers

Five Guys
The Original Pancake House
Bareburger
Fleming's Prime Steakhouse & Wine Bar
My Gym River Road
Oritani Bank
ACME
Starbucks
CAVA
TD Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-00099-0000-00001-04
  • 13-00099-0000-00001-14-C000C
  • 13-00099-0000-00001-24
  • 13-00099-0000-00001-11
  • 13-00099-0000-00001-17
  • 13-00099-0000-00001-02
  • 13-00099-0000-00001-08
  • 13-00099-0000-00001-16
  • 13-00099-0000-00001-19
  • 13-00099-0000-00001-03
 Improvements Assessment $84,946,500
Land Assessment $28,945,400 Total Assessment $113,891,900

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-00099-0000-00001-04
  • 13-00099-0000-00001-14-C000C
  • 13-00099-0000-00001-24
  • 13-00099-0000-00001-11
  • 13-00099-0000-00001-17
  • 13-00099-0000-00001-02
  • 13-00099-0000-00001-08
  • 13-00099-0000-00001-16
  • 13-00099-0000-00001-19
  • 13-00099-0000-00001-03
Land Assessment
$28,945,400
Improvements Assessment
$84,946,500
Total Assessment
$113,891,900
(212) 430-5293

Contacts

  • Listing ID: 32629198

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 65 River Rd, Edgewater, NJ 07020

More public record information on 65 River Rd, Edgewater, NJ 07020

The Retail Property at 65 River Rd, Edgewater, NJ 07020 is currently available for sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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65 River Rd
(212) 430-5293 x

65 River Rd

1/2

Philip Biancavilla

(212) 430-5293

(212) 430-5293

Steven Siegel

(646) 996-3709

(646) 996-3709

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