Strip Center For Sale in South Jersey

Location
New Jersey

Listing ID
1586

Listing Details
Gross Revenue
$ 60,240

Cash Flow
$ 38,640

EBITDA
$ 38,640

Real Estate
$ 800,000

RE Included in Price?
Yes

Reason for Sale
Retiring

Operations
Year Established
1985

Last Acquired
2017

Location

Summary
Business 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.

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Strip Center For Sale in South Jersey

Location
New Jersey

Listing ID
1586


Listing Details
Gross Revenue
$ 60,240

Cash Flow
$ 38,640

EBITDA
$ 38,640

Real Estate
$ 800,000

RE Included in Price?
Yes

Reason for Sale
Retiring

Operations
Year Established
1985

Last Acquired
2017

Location

Summary
Business 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.