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Snipes Net Lease - 206 Main Street, Orange, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,721,000

  • 11,685

  • 7.50%

  • NOI :

  • Acres :

  • $129,110

  • 0.15

  • Property Type :

  • Property Status :

  • Net Lease

  • Available

Investment Highlights

TENANT
  • Snipes – German based streetwear retailer operating over 450 locations in the United States and Europe
LEASE
  • Net lease with 2.5% annual increases in the base lease term and options
  • 3+ years remaining on the current term with 1-5 year renewal option
  • Corporate guarantee
LOCATION/ MARKET
  • Excellent location in downtown Orange on Main Street
  • Over 350K people living within a 3-mile radius with average household income over $87K
  • Easy access to the Garden State Parkway and Route 280
  • Nearby retailers include Wawa, McDonald's, Chase Bank, Family Dollar, Wendy's, Dunkin', Taco Bell, and PNC Bank