Hobby Lobby - East Hanover, NJ_Pand te koop
Hobby Lobby - East Hanover, NJ_Pand te koop
180 Route 10 West, East Hanover, NJ, 07936, US

Hobby Lobby - East Hanover, NJ

Objectomschrijving

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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Attributen

Netto gebouwoppervlakte
5.083 vierkante meter
Bezettingspercentage
100%
Bouwjaar
2015
Bruto landoppervlakte
1,68 ha
WAULT
12 jaren
Jaarlijkse escalatie
Fixed

Media

Investeringskenmerken


  • 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_Pand te koop
Hobby Lobby - East Hanover, NJ 4_Pand te koop

Contact adviseurs

Hobby Lobby - East Hanover, NJ (0 Eigendommen)
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Laatst bijgewerkt
May 30, 2024