QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
MYR 40,345,000 | 511 m²
Description
- Address: 500-650, 740 John R. Road, Troy, MI 48083
- GLA: 220,872 SF
- Occupancy: 100%
- Year 1 NOI: +/- $1,670,000
- 10-Year CAGR: +/- 2.2%
- WALT: 5.7 Years
- Year Built: 1986
- Tenant Suites: 7
- Buildings: 3
- Parking Spots: 1,400
...
Attributes
Building area net
20,520 m²
Occupancy
100%
Year built
1986
Land area net
16.63 ha
Number of units
391,744
Media
Investment Highlights
- National, Credit-Quality Tenant Roster & Recent Leasing Momentum
- 100% National Tenancy
- ~68% of Income Derived from Investment Grade Tenants
- Value Creation Opportunities
- Chuck E. Cheese Final Option Expiration in 2034; Current Rent ~30% Below Market
- 3 Outlot Development Pads Available Totaling ~9,064 SF:
- Attractive Basis Supported by Tight Retail Fundamentals
- Weighted Average In-Place Rents for Anchor Tenants (+20,000 SF) are ~50% Below Market
- Kohl’s (~43% of GLA) Currently Paying Just $2.85 PSF
- Retail Submarket Vacancy of Just 1.9% with 0 SF Delivered and 0 SF Currently Under Construction Over the Past 12 Months
- Immediate Proximity to Oakland Mall (4.3M Visits | 1.5M+ SF | 115 Stores)
- Diversified Income Stream with Multiple Anchor Drawing Power
- No Single Tenant Contributes More Than ~19% of Total Income to the Center
Contact brokers
Oakland Square (0 Properties)
