The lease terms are very favorable to the landlord with zero landlord responsibilities and CPI every five years not to exceed seven percent. There are currently three years remaining on the lease with four, five-year options. Sales Info: ■ Cap rate: 7.0% ■ NOI: $275,429 Location Description: The subject property is 10,563 square feet and was built in 1997. It is adjacent to the well-travelled Princeton-Hightstown Road thoroughfare and is centrally located between Southfield Shopping Center to the southeast and a large business park to the northwest. The surrounding area is highly conducive to childcare centers and includes elementary schools, parks, dance/karate centers and abundant residential housing. There is extensive national retail in close proximity including Walmart, Victoria Secret, Rite Aid, Ross, UPS and several prominent QSR brands. The township of West Windsor encompasses approximately 26 square miles in Mercer County in New Jersey and has extremely strong median household income of $137,265 per the 2010 Census. In 2008, Forbes listed West Windsor as the 15th most affluent neighborhood in the US. « show less
The lease terms are very favorable to the landlord with zero landlord responsibilities and CPI every five years not to exceed seven percent.... show more »
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