561 Somerset St in Somerset NJ
Directions: Located on Route 27
Remarks: Fantastic opportunity to own a fully rented retail building on the busy Somerset St! Listed at a 6 cap - This one level corner property features three stores: a salon, a party store and a retail shop. Two of the units are rented out through 2026 and one is rented out through 2024. Just sit back and collect the rent. Tenants pay ALL utilities. All spaces have basements. Owner gets reimbursed for water monthly. In the back is enough parking for 8-10 cars. An opportunity to own a turnkey commercial property! Pro Forma and Leases available upon request. NOI is almost $31,000 a year.
Agent Remarks: Afternoon showings only - Monday unavailable
Office/Retail, Strip/Shopping Center
$8,576* / 2020*
Wall A/C Unit(s)
Gas In Street