- Under Renovation; Estimated Opening Late June 2021!
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Lease Commencement Upon Store Opening
Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores located at 9 Nelson Street in Newton, NJ. Scheduled to open in late June 2021, the site will consist of roughly 792 rentable square feet of building space on estimated 0.31-acre parcel of land.
The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which will commence upon store opening. The initial annual rent will be $71,770 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.
NJ Broker of Record:
Marcus & Millichap