For Sale
$2,250,000
344 French Hill Rd Wayne, NJ 07470
Established Restaurant, High NOI, Net Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $2,250,000 asking price for a net-leased retail restaurant property in Wayne, NJ.
- 6,000-9,748 square feet building, 9,000 square feet net rentable area, with 55 parking spaces.
- 6.40% cap rate, $144,000 NOI, 100% occupancy.
- Single-tenant restaurant with a lease expiring August 1, 2025, including 3% annual rent bumps.
- Three-story building (1968 construction, renovated 2022), located at 344 French Hill Rd, Wayne, NJ 07470.
- Includes 10,000 square feet of air rights.
Property Details for 344 French Hill Rd
- Property type
- Retail properties, Restaurants
- Square Feet
- 6,000 SF
- Year Built/Renovated
- 1968/2022
- Buildings
- 1
- Stories
- 3
- Units
- 1
Location Insight
- City
- Wayne
- County
- Passaic
- State
- New Jersey
- Latitude
- 40.9258969
- Longitude
- -74.2456723
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Established Restaurant, High NOI, Net Lease
- Where is the retail property located?
- The property is located at 344 French Hill Rd Wayne, NJ.
- What is the asking price?
- The asking price for this property is $2,250,000.
- What are key features of this property?
- This property features: $2,250,000 asking price for a net-leased retail restaurant property in Wayne, NJ.; 6,000-9,748 square feet building, 9,000 square feet net rentable area, with 55 parking spaces.; 6.40% cap rate, $144,000 NOI, 100% occupancy.
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