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Available For Sale - Retail

30,000 SF | Show Pricing $

AVAILABILITY DETAILS

Size
30,000 SF
Price/SF
Show Pricing $
Listing ID
SA450946
Notes
Great investment opportunity in the large trade area of Green Brook, NJ. This Ashley HomeStore is strategically located along US Highway 22, which is a main retail corridor and provides excellent exposure to over 46,000+ vehicles per day. This property offers investors an opportunity to invest in a single tenant net lease property in a thriving industry. The furniture industry has seen a big boost due to Covid-19, as people are spending more time at home and are looking to improve their homes or make them more functional for work, school, etc.



Ashley HomeStore is the number one furniture retailer in North America with more than 1,000 locations worldwide. This Ashley HomeStore is operated by Regency Furniture of Laurel, Inc. who operates approximately 48 retail locations throughout Maryland, Virginia, Pennsylvania, New Jersey, New York and Delaware, they operate 29 locations as Ashley HomeStore. The long-term lease offers a competitive yield, with no landlord responsibilities and rental escalations.



Green Brook is a vibrant community located in Northern New Jersey and is in close proximity to large metropolitan areas. The market has excellent demographics with a population of 750,000+, a median household income of $103,000+ and median home value of $400,000+ within a 10-mile radius of the store. Conveniently located 35 miles southwest of New York City, Green Brook balances metropolitan conveniences with a suburban feel.



Broker of Record: Brian Brockman, Bang Realty New Jersey-Inc. License # 2078547
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brian Brisky, Brisky Net Lease