Hobby Lobby - East Hanover, NJ_Actifs en vente
Hobby Lobby - East Hanover, NJ_Actifs en vente
180 Route 10 West, East Hanover, NJ, 07936, US

Hobby Lobby - East Hanover, NJ

Description de l'actif

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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Caractéristiques de l'actif

Surface de l'actif Net
5 083 m²
Occupation
100 %
Année de construction
2015
Taille du terrain Brut
1,68 hectare
WALT
12 années
Annual escalation
Fixed

Média

Points clés d'investissement


  • 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_Actifs en vente
Hobby Lobby - East Hanover, NJ 4_Actifs en vente

Contacter l'équipe

Hobby Lobby - East Hanover, NJ (0 actifs)
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Dernière mise à jour
30 mai 2024