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ACME Shopping Center - 455 NJ-23, Wantage, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $9,072,561

  • 75,128

  • 7.35%

  • NOI :

  • Acres :

  • $666,833

  • 7.75

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

  • Grocery-anchored by ACME Markets, a subsidiary of Albertsons Companies, Inc. (NYSE: ACI), S&P rated BB-/positive outlook
  • Diverse array of tenants including the United States Postal Service, Lakeland Bank ($131M deposits) with drive-thru, and Great Clips
  • The property has ample parking with capacity for 393 cars
  • Approved development on an adjacent 5,000 SF pad site offers a substantial value-add opportunity
  • Located along highly-trafficked Route 23 (ADT 21,000+ Cars/Day)
  • Excellent demographics with an average household income of $119,114 within a 5-mile radius

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