Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
— the listing agent’s description
The home
Built in 2007
Lot 230X317X240X303
Retail/Stores
What it’ll cost
$16,308 taxes / yr
No HOA
748 days on dwello
Estimated monthly payment
$12,549/mo
Principal & interest$10,608
Property taxes$1,359
Homeowners insurance$582
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This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.