621 Main StBridgewater, NJ 08807

Property Details for 621 Main St

Year built

2023

Property size (Sq ft)

2,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Exceptional opportunity to acquire a thriving, turnkey nail salon located at 621 E Main St, Bridgewater, NJ 08807. This 2,000 square foot, single-story property, built in 2023 and renovated in 2023, boasts a remarkable 44.57% cap rate and a strong net operating income (NOI) of $156,000. The asking price is $350,000, translating to $175 per square foot. The business features 10 manicure stations and 10 pedicure chairs, all fully equipped and ready for immediate operation. A dedicated and experienced team of employees is in place and will remain with the business. Projected annual revenue for 2024 is $450,000, showcasing significant profitability and growth potential. The property operates under a gross lease with three years remaining, and an option to extend the lease to five years. This owner-user investment presents a rare opportunity for both seasoned entrepreneurs and newcomers seeking a profitable venture in the beauty industry. The business is offered for sale with a leaseback arrangement. Somerset County location.

Location Insight

City

Bridgewater

County

Somerset

State

New Jersey

Latitude

40.5632

Longitude

-74.5774

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