440 Bloomfield Ave Montclair, NJ 07042
- Retail properties
- 1,000 SF
Current Use by Public Records
- Montclair Wine Cellar / Liquor Store
Property Details for 440 Bloomfield Ave
- Property size
- 1,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional turnkey opportunity presents a thriving wine and spirits shop located at 440 Bloomfield Ave, Montclair, NJ 07042, in the heart of Montclair's vibrant business district. The 1,000 square foot storefront boasts impressive annual sales of $600,000, generating a substantial net operating income (NOI) of $150,000 and a compelling 20.69% cap rate. The current lease, commencing January 12, 2024, and expiring December 31, 2034, offers a flexible 11-year term with a monthly rent of $3,500. The asking price is $725,000, representing a significant value proposition for an established business with proven profitability. This is an owner/user investment opportunity, offering the chance to acquire a well-established business with a strong track record and significant growth potential. The business includes the license and inventory, making it a truly turnkey operation. Larger locations are also available in Montclair should the buyer wish to expand the business. This is a rare chance to acquire a profitable, established business in a prime location. The property's central location ensures high visibility and foot traffic, contributing to its consistent success. The flexible lease terms provide operational flexibility and long-term security.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montclair
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2171
- Latitude
- 40.8134
