Absolute NNN Single Tenant Investment AWS
Absolute NNN Single Tenant Investment
110 Washington St Morristown, NJ 07960
Investment Highlights • • • •
Price: $11,300,000 Cap Rate: 4.5% NOI - $508,500 Absolute NNN Lease (zero landlord responsibilities)
• • • • •
Single Tenant Net Lease: Whole Foods Rent escalations every 5 years Investment grade tenant Brand new 20 year initial term Six (6) – 5 year options
Property Information • • • • •
20,000 SF +/- freestanding building 1.8 acres 70 +/- on-site parking spaces 285’ of frontage on Washington Street Property also contains additional 2,000 SF building on the site, which is controlled by Whole Foods
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Demographics 1 mile
3 mile
5 mile
Population:
15,843
54,409
112,335
Households (est):
6,142
21,103
41,453
HH Income:
$105,775 $138,862 $146,591
Shane Wierks Investment Sales [email protected] Cell: (908) 581 - 7781 Office: (908) 668 - 9600 ext. 223
116 Route 22 North Plainfield, NJ 07060 | T. 908-668-9600 | F. 908-668-5225 | www.jefferyrealty.com All information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, prior sales and withdrawals.
110 Washington St Morristown, NJ 07960
Investment Highlights • • • •
Price: $11,300,000 Cap Rate: 4.5% NOI - $508,500 Absolute NNN Lease (zero landlord responsibilities)
• • • • •
Single Tenant Net Lease: Whole Foods Rent escalations every 5 years Investment grade tenant Brand new 20 year initial term Six (6) – 5 year options
Property Information • • • • •
20,000 SF +/- freestanding building 1.8 acres 70 +/- on-site parking spaces 285’ of frontage on Washington Street Property also contains additional 2,000 SF building on the site, which is controlled by Whole Foods
Start The Conversation
Demographics 1 mile
3 mile
5 mile
Population:
15,843
54,409
112,335
Households (est):
6,142
21,103
41,453
HH Income:
$105,775 $138,862 $146,591
Shane Wierks Investment Sales [email protected] Cell: (908) 581 - 7781 Office: (908) 668 - 9600 ext. 223
116 Route 22 North Plainfield, NJ 07060 | T. 908-668-9600 | F. 908-668-5225 | www.jefferyrealty.com All information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, prior sales and withdrawals.
