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Front & Broad - 2-10 Broad Street, Red Bank, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $13,500,000

  • 28,110

  • 6.03%

  • NOI :

  • Acres :

  • $814,371

  • 0.27

  • Property Type :

  • Property Status :

  • Mixed-Use

  • Under Agreement

Investment Highlights

  • DESIREABLE LOCATION:   Situated in Red Bank’s downtown district with close proximity to  Hackensack Meridian Health Riverview  Medical Center, Morgan Stanley  Financial Advisors, and Starbucks.
  • PREMIER ANCHOR TENANT:  Front & Broad is anchored by Urban  Outfitters (NASDAQ: URBN) with a  below-market rental rate (cash flow with upside) and 2020 company-wide revenues exceeding $3.9 billion.
  • AN ICONIC ASSET:  The property has frontage on both  West Front Street and Broad Street,  two of the most trafficked streets in  Red Bank.
  • LEASE ROLL:  No lease rollover for 3 years post-acquisition
  • UNIQUE OFFICE SPACE:  Above the ground floor, there are two floors of unique, boutique office space with views of the Navesink River
  • AMENITIES:  Building highlights include expansive ceiling heights, exposed brick, an airy central staircase, elevator, and common tenant patio
  • TIMELESS DESIGN:  Interior spaces feature glass offices, exposed brick, and wood or polished concrete floors making each space a viable use for a variety of tenants

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