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26 Broad Street – Red Bank, New Jersey

Please contact the Newmark Knight Frank team to schedule a tour

Newmark Knight Frank, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire the fee-simple interest in 26 Broad Street, a two-story, mixed-use (retail/office) asset totaling 10,265 square feet, located in the vibrant downtown of Red Bank, New Jersey (the “Property”).

Investment Highlights

  • Institutionally owned, managed and maintained since 2007
  • Strong in-place cash flow with contractual increases, minimum management and maintenance
  • Substantial capital improvements completed in 2019, inclusive of a new roof
  • Exceptionally located on the heavily trafficked Broad Street, in the heart of Red Bank’s (“Hip City”) arts and antiques district and walking distance from prominent retailers, theaters, hotels, marinas and the train station

The Offering

26 Broad Street, built in 1985 and renovated in 2019, is a compelling opportunity to acquire a best-in-class mixed-use asset in Red Bank’s lively downtown, and offers strong in-place cash flow with contractual increases, minimum management and virtually no maintenance. The Robinson Ale House which features the design of an ale house from the 1930s and 1940s but with a modern twist and menu offering craft beers and inventive burgers anchors the first floor on a long-term, non-cancellable, basis.  The second floor consists of two office suites, presently leased to two tenants with one expected to vacate October 31, 2019.

As part of the offering, current ownership will lease, on a NNN basis, the entire second floor for three years providing a 100% NNN leased asset with substantial in-place cash flow and contractual rental rate increases. At the time of sale, the Property will be 100% NNN leased to two tenants. 

 

 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

26 Broad Street - Red Bank, NJ

26 Broad St., Red Bank, NJ 07701

Call for Information
  • Asset Type
  • Real Estate
  • Land Area
  • 0.15 Acres
  • Year Built
  • 1985
  • Year Renovated
  • 2019
  • Number of Floors
  • 2
  • Number of Buildings
  • 1
  • Parking Count
  • 2
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Sep 01, 2019
  • Mixed Uses
  • Retail, Office
  • Total Property Size
  • 10,265 Sq Ft
  •  
  • Retail Information
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • The Robinson Ale House
  • Property Size
  • 5,040 Sq Ft
  •  
  • Office Information
  • Office Type
  • Suburban Office
  • Property Size
  • 5,225 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Richard G. Warner

      c/o Fisher Auction Company Inc.

      License: 0120281