Strip Center For Sale in South Jersey
(Retail Shopping Center)
New Jersey
Listed Price: $ 850,000
Listing ID: 1586
Listing DetailsGross Revenue: $ 60,240
Cash Flow: $ 38,640
EBITA: $ 38,640
Real Estate: $ 800,000 (Included in Price)
Reason for Sale:
Retiring
OperationsYear Established: 1985
Last Acquired: 2017
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 3000
Type of Location: Stand Alone
SummaryBusiness Description:
Strip Center with 3 stores for sale in South Jersey. Fully renovated pizzeria, there for 5 years with 5 years remaining on lease. Chicken take out, which has been there for 20 years, with 1 year remaining on current lease with a 5 year option. Full renovated beauty/barber shop, has 2 years left on current lease with a 5 year option. New roof and 2 new HVAC units on pizza and chicken spaces. Each space is 1,000 sqft, located on a very busy road. Seller pays taxes and insurance. In 1-2 years rents will increase to $72,720 with net being $51,120.