621 Main St Bridgewater, NJ 08807
- Retail properties
- 2,000 SF
Current Use by Public Records
- Bella lounge and spa / Nail Salon
Property Details for 621 Main St
- Year built
- 2023
- Property size
- 2,000 SF
- Property type
- Retail properties
Description
Exceptional opportunity to acquire a thriving, turnkey nail salon located at 621 E Main St, Bridgewater, NJ 08807. This 2,000 square foot, single-story property, built in 2023 and renovated in 2023, boasts a remarkable 44.57% cap rate and a strong net operating income (NOI) of $156,000. The asking price is $350,000, translating to $175 per square foot. The business features 10 manicure stations and 10 pedicure chairs, all fully equipped and ready for immediate operation. A dedicated and experienced team of employees is in place and will remain with the business. Projected annual revenue for 2024 is $450,000, showcasing significant profitability and growth potential. The property operates under a gross lease with three years remaining, and an option to extend the lease to five years. This owner-user investment presents a rare opportunity for both seasoned entrepreneurs and newcomers seeking a profitable venture in the beauty industry. The business is offered for sale with a leaseback arrangement. Somerset County location.
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
- Bridgewater
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5774
- Latitude
- 40.5632
