1111 N High St Millville, NJ 08332
Retail property with motivated seller and long-term lease.
Property Features for 1111 N High St
General Information
- Standard status
- Active
- Size
- 14,490 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing office Encore Real Estate Investment Services
Listing date Apr 25, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
Key Highlights
- Motivated seller - bring all offers!
- Hard corner location offering excellent visibility.
- 4 years remaining on original 25 year term.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.8k | $18.00 |
| − Vacancy | −$11.0k | −$0.76 |
| EGI | $249.9k | $17.24 |
| − OpEx | −$75.0k | −$5.17 |
| NOI | $174.9k | $12.07 |
