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Church Lane Plaza - 2224 U.S. 130, North Brunswick Township, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $4,800,000

  • 21,080

  • 6.81%

  • NOI :

  • Acres :

  • $326,962

  • 2.94

  • Property Type :

  • Property Status :

  • Retail

  • Under Agreement

Investment Highlights

  • 90% Occupied, +/- 21,080 SF Retail Center in North Brunswick, Middlesex County, New Jersey
  • Located on Heavily Travelled US-130 – Over 30,000 Vehicles Per Day – One of the Main Retail Corridors in Middlesex County
  • NNN Leases – Minimal Landlord Responsibility
  • 9 Service-Based Retail Tenants – No Tenant Occupying More Than 19% of Total GLA – Staggered Lease Expirations – Mitigating Landlord Risk
  • Additional Upside Opportunity to Increase Below Market Rents and Lease Remaining Vacant Unit
  • Multiple Ingress/Egress Points on US-130 and Old Georges Road
  • Well Maintained and Managed
  • Nearby National Tenants Include: ShopRite, Costco, Dunkin', BJ's, Walgreens, Starbucks, Chick-fil-A, CVS, Wells Fargo & Panera Bread
  • Affluent Area: Over 200,000 People Within 5 Miles of the Subject Property – Average Household Income Over $137,000 Within 1 Mile

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