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Day Care, Restaurant, Laundromat, Urgent Care 407 New St 4,000 SF of Retail Space Available in Newark, NJ 07107
HIGHLIGHTS
- Day Care location
- New construction
- Great laundromat location
- Restaurant location
- 4 blocks from Rt 280
- 2 Curb Cuts, Corner Location
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Down the Block from NJIT, corner location
- Space is in Excellent Condition
- Central Air and Heating
- New retail development under construction
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 4,000 SF | Year Built | 2025 |
| Property Type | Retail | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Day Care Center | Construction Status | Under Construction |
| Gross Leasable Area | 12,000 SF |
| Total Space Available | 4,000 SF |
| Property Type | Retail |
| Property Subtype | Day Care Center |
| Gross Leasable Area | 12,000 SF |
| Year Built | 2025 |
| Parking Ratio | 0.67/1,000 SF |
| Construction Status | Under Construction |
ABOUT THE PROPERTY
+/- 4000sft of new construction, four blocks from Rt 280. Highly visible corner property, down the street from University Hospital and Rutgers Health. Excellent location for a Children's Day Care. There is room for the outdoor play area. A restaurant will also benefit from this location as there will be two other restaurants on the property to promote the synergy of the restaurants. The tenant may have input on the space design, as it has not been built out yet.
- Signage
- Accent Lighting
- Air Conditioning
- Smoke Detector
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| 1st St | Central Ave, NE | 11,718 | 2022 | 0.03 mi |
| New St | Morris Ave, SE | 1,406 | 2022 | 0.05 mi |
| 1st St | Bergen St, SW | 17,525 | 2022 | 0.06 mi |
| Central Ave | 1st St, W | 10,170 | 2022 | 0.06 mi |
| Central Ave | 1st St, E | 10,201 | 2022 | 0.06 mi |
| W Market St | Bergen St, SE | 15,266 | 2022 | 0.07 mi |
| 1st St | Central Ave, SW | 13,287 | 2022 | 0.08 mi |
| Morris Ave | New St, NE | 754 | 2022 | 0.08 mi |
| W Market St | Bergen St, NW | 26,129 | 2022 | 0.09 mi |
| Morris Ave | Central Ave, NE | 1,210 | 2022 | 0.09 mi |
NEARBY MAJOR RETAILERS
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ADDITIONAL PHOTOS
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