Property profile

2550 Rte 22 Union, NJ 07083

OFF-MARKET
Retail properties & Spaces
5,300 SF 0.42 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,300 square foot freestanding retail building situated on a 0.42-acre lot at 2550 Route 22 East in Union, New Jersey (zip code 07083). The property boasts a long-term NNN lease with ayr wellness, ensuring a stable and predictable income stream. This prime location benefits from exceptional visibility and accessibility, situated directly on Route 22 East, a major thoroughfare experiencing over 80,000 vehicles daily. The building's 5,300 square feet provide ample space for the current tenant, and the strong market rent ensures a healthy return on investment. The property is classified as retail and is offered as a NNN (Net, Net, Net) lease investment. Its location in Union County, New Jersey, provides access to a robust consumer base and a thriving commercial environment. This is an ideal opportunity for investors seeking a stable, high-traffic retail investment in a desirable New Jersey location. The property's size and location make it an attractive asset with significant long-term potential. The existing lease provides immediate cash flow, minimizing vacancy risk and maximizing return. This is a turnkey investment ready for immediate ownership.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,300 SF
Lot 0.42 ac (18,295 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2550 Rte 22 Union, NJ 07083
Union metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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