Property Information

Transcription

1 RETAIL CENTER FOR LEASE Hamilton Street - Somerset, NJ For Further Information, Please Call: Doug Sitar Vice President Cell: dsitar@sitarcompany.com Rob Bogash Sales Associate Cell: bogash@sitarcompany.com Property Information Building Specifications - KFC: 2,020 SF, Walgreens: 10,352 SF, Retail 1: 12,927 SF, Retail 2: 13,000 SF Two units available: - 2,500 SF is partially fit out for a restaurant with hoods and new restaurant equipment - 13,000 SF Private courtyard for tenants, with beautiful fresh landscaping Minutes away from Franklin Middle School, and Army National Guard Recruiting Office Branch Easy Access to Routes 18, 27, 287, NJTP, and GSP, Rutgers University, Downtown New Brunswick, and St. Peter s Hospital Zoning - General Business (see attached)

2 Subway - Foot Locker - Bank of America Walgreens KFC Exxon Retail 2 Retail 1 PNC Bank For Further Information, Please Call: Doug Sitar Vice President Cell: dsitar@sitarcompany.com Rob Bogash Sales Associate Cell: bogash@sitarcompany.com DEMOGRAPHICS 1 Mile 3 Mile 5 Mile 2010 Avg Household Income $78,581 $87,162 $97, Med Household Income $67,127 $71,601 $77, Per Capita Income $23,778 $29,297 $33,970

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4 ZONING General Business DISTRICT CATEGORY PRINCIPLE USES ACCESSORY USES CONDITIONAL USES G-B General Business Retail goods and service stores except body art establishments, including but not limited to: food, drugs, drink, household supplies, home appliance stores, barber and beauty shops, shoe repair and tailor shops, dry cleaning shops, professional offices, banks, restaurants - Eating and drinking establishments - Funeral homes - Quasi-public or private club or fraternity - Indoor theaters - Laundromat and dry cleaning - Printing and publishing shops - Proprietary schools - Non-profit schools accredited by the New Jersey Department of Education - Plumbing supply and hardware stores - Professional and general offices - Bowling alleys - Telephone, telegraph, and radio communications offices and services - Automobile salon and showroom - Administrative and dispatch services excluding the parking, storage, service, fueling or repair of vehicles used in such service or site (Added 12/12/89 by Ordinance # Child care center (Added 4/9/02 by Ordinance #3288) - Building customary and incidental to the operation of the principle use - Public utility installations - Automobile service stations - Garden apartment developments - Townhouse developments - Nursing homes - Billboards - Wireless Communications antennas in accordance with the specific zoning conditions, standards and limitations for their location, approval and operation included within Subsection 112-9B (25) of this ordinance (Added 5/22/01 by Ordinance #3222)

5 Summary of Tenants Tenant Name Suite No. SUMMARY OF TENANTS, INCOME AND EXPENSES STATEMENT, FRANKLIN COURT STRIP MALL Sq Ft. Base Rent Annual Rent Rent per sq. ft. Lease Start Date Lease End Date Cam Charge Reimbers Tax Charge Reimbers Vacant A1 2,342 $3, $39, $3,339 $11,650 6% Millenium Nails A2 1,515 $2, $28, $4,389 $7,536 4% Dairy Queen A2A 1,310 $2, $28, $3,838 $6,516 3% J & P Laundramat A3 1,600 $2, $31, $9,292 $7,959 4% Pizza Palace A4 2,000 $4, $49, Gross Gross 5% Sundry Cleaners A5 1,520 $2, $26, $4,995 $7,561 4% Yummy Yummy A6 1,200 $3, $44, $3,462 $5,969 3% Asanka Delight A7 1,440 $1, $19, $4,332 $7,163 3% Walgreen (Ground Lease) B 14,490 $12, $150, $550 $72,077 35% Vacant (Front) C1 6,500 $9, $110, $9,268 $32,333 15% Vacant (Back) C2 6,500 $5, $65, $9,268 $32,333 15% KFC D1 2,380 $10, $120, $5,502 11,839 6% Actual gross income 42,797 $41, $499, $36, $126, Potential gross income 42,797 $59, $714, $58, $202, % CALCULATION OF ACTUAL INCOME Total actual gross income : $499, REIMBURSABLE EXPENSES $$/YR Total actual cam charge reimbursment : $36, Landscaping $9, Total Tax Reimbursment $126, Sweeping $10, Total actual gross income : $662, Trash Removal $11, Total Actual CAM Expense ($55,178.52) Sewage $13, Total Actual Tax Expense (208,720.08) Water $11, Total Non- Reimbursable Expenses (17,843.07) TOTAL $24, $30, Total actual expenses : (281,741.67) $55, Total Rembursable Expense TOTAL ACTUAL NET INCOME : $380, With 15 % Management Fee $59, CALCULATION OF PROJECTED INCOME NON REIMBURSABLE - REGULAR EXPENSES Total projected gross income $714, Security $1, Total projected cam charge reimbursement $59, Phone for Security System $ Total Tax reimbursement $202, Insurance $15, Total projeted gross income $977, TOTAL $17, Total Actual CAM Expense ($55,178.52) Total Actual Tax Expense ($208,720.08) Total projected non- reimbursed expenses ($17,843.07) Total actual expenses ($281,741.67) TOTAL PROJECTED NET INCOME $695,440.48