Listing Contacts
Rose Urban
License: PA RS149809A
License: NJ 9484130
Asking Price
$3,500,000
Address
3921 Route 42
Washington Township, NJ
Property Details
Asking Price
$3,500,000
Property Type
Retail
Square Footage
23,500
Price/Sq Ft
$148.94
Cap Rate
8.93%
NOI
$312,550
Year Built
2001
Buildings
1
Lot Size (acres)
2.3
Parking (spaces)
180
Property Description

Vacant Building which includes Loading Docks

2000 Construction: Property is in good condition

Ideal for Value-Add Investor or Owner-user 

Predictable Cash Flow: Current lease expires in January 2021.

Ample time to re-position the property with a new tenant and negotiate a buy out with Office Max. 

Anchored by Target: Endcap to a busy Target store

Property Highlights

  • Easy Access and Visibility: Excellent access through 3 convenient ingress & egress. Also there are 2 pole signs each on  Route 42 and Watson Drive.
  • Strong Affluent demographics: Over 163,000 People Average Household Income of over $91,000 within a 5-mile Radius
  • Close Proximity to Retailers: Other notable national retails in the trade area include Lowe’s, Advanced Auto Parts, Mattress Warehouse, Applebee’s, Kohl’s, LA Fitness, Marshalls, Bed Bath & Beyond, Home Depot, Old Navy, AC Moore, and two first -run cinemas.