11 E Palisade Ave Englewood, NJ 07631

This retail store is located in a prime location on East Palisade Avenue. The property features approximately 1,300 square feet of updated first-floor retail space, with an additional bonus of approximately 600 square feet of second-floor space suitable for a showroom, retail, office, or storage. The second floor has a ceiling height of over 12 feet and ceramic wood plank tile flooring. A stairway to the second floor is located at the rear of the store. The base year for real estate taxes and water included in the rent is 2026. The tenant is responsible for a 15% annual real estate tax escalation increase each year over the base year 2026 real estate taxes thereafter. The store has its own heat and central air conditioning system, which was newly installed in 2022. The tenant pays for their own gas and electric usage via separate meters with PSE&G. A security deposit equal to three months' rent from the final year of the lease is required. The price of $45.00 per square foot applies only to the 1,300 square foot first-floor space; the 600 square foot second-floor space is considered a bonus. The property is available with 30 days' notice to the existing tenant.