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763 IRVINGTON AVE
NEWARK, NJ 07106
Asking Price
$1.00M
Cap Rate
7.2%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
100% Leased | Retail Total 5,100 SF <h3>Investment Highlights</h3><ul><li>Fully Leased Retail Investment with Immediate Cash Flow</li><li>Approximate NOI of $71,980 Offering a 7.2% Cap Rate at Asking Price</li><li>Long-Term Lease Security with Tenants Through 2029 and 2032</li><li>Recession-Resistant Service-Oriented Tenancy</li><li>Corner Location at Irvington Ave & Clinton Ave Signalized Intersection</li><li>Strong Visibility with Approximately 19,000 Vehicles Per Day</li><li>60 Feet of Frontage on Irvington Avenue</li><l
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
