Hobby Lobby - East Hanover, NJ_Propiedad en venta
Hobby Lobby - East Hanover, NJ_Propiedad en venta
180 Route 10 West, East Hanover, NJ, 07936, US

Hobby Lobby - East Hanover, NJ

Descripción del activo

JLL is pleased to exclusively offer for sale the brand-new Hobby Lobby in East Hanover, NJ (the “Property” or the “Asset”) within the greater New York City MSA. The Property is favorably situated within East Hanover Plaza, New Jersey’s second busiest neighborhood retail center with more than 5 million annual visits, per Placer Ai. Notable retailers within East Hanover Plaza include Costco, Home Depot, Target, HomeGoods, and PGA Superstore. The center’s positioning along NJ-10 benefits from its direct exposure to more than 30,000 VPD. East Hanover is a highly affluent community approximately 25 miles east of Manhattan. The Asset’s surrounding 1-mile radius is comprised of 13,000+ residents with average annual household incomes exceeding $260,000.

Upon opening in summer 2024, Hobby Lobby (the “Tenant”) will commence its 12-year, absolute NNN lease with 2.00% annual escalations and zero landlord responsibilities. This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy in a premier market with exceptional real estate fundamentals.

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Atributos

Área de construcción neta
5083 m²
Ocupación
100 %
Año de construcción
2015
Área de terreno bruta
1,68 ha
WAULT
12 años
Escalada anual
Fixed

Medios

Aspectos destacados de la inversión


  • Located in the middle of East Hanover Plaza, New Jersey's second busiest neighborhood retail center anchored by Costco, Home Depot, Target and other national retailers


  • New Hobby Lobby location subject to a fresh12-year Abs NNN lease with annual 2.00% growth and zero landlord responsibilities


  • Highly affluent NYC suburb with AHHI within 1-mile exceeding $260,000
Hobby Lobby - East Hanover, NJ 4_Propiedad en venta
Hobby Lobby - East Hanover, NJ 4_Propiedad en venta

Contactar a los agentes

Hobby Lobby - East Hanover, NJ (0 Propiedades)
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Última actualización
Jun 20, 2024