ATTENTION INVESTORS: 7.7% CAP RATE! FULLY RENTED PROPERTY. FOUR STORE FRONTS AND A CATERING HALL (RAIN) THAT THE OWNERS JUST SPENT CLOSE TO $1 MILLION DOLLARS RENOVATING. CURRENT OWNERS WILL RENT BACK CATERING SPACE AT $204,000 PER YEAR FOR 5 YEARS WITH (3) 5 YEAR OPTIONS (WITH INCREASES). RAIN IS BOOKED 1+ YEARS OUT SINCE OPENING! TOTAL RENT ROLL $292,080 WITH AN NOI OF $230,888. OWN A PIECE OF DOWNTOWN TEANECK! Please do not go to property without apppointment and disturb or discuss anything with any of the tenants.
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Listing Courtesy ofKeller Williams Valley Realty