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Cornerstone Court - 1 Tree Farm Road, Pennington, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $4,383,000

  • 18,284

  • 6.75%

  • NOI :

  • Acres :

  • $295,828

  • 1.83

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

  • 77% Occupied +/- 18,284 SF Mixed-Use Property Located on Tree Farm Road in Pennington, New Jersey
  • Value-Add Opportunity By Leasing Remaining Space, Raising all Tenants to Market Rent, and Converting All Leases to NNN Structure
  • No Single Tenant Occupies More Than 12% of the Gross Leasable Area (GLA), Mitigating Landlord Risk
  • Property Has Been Meticulously Maintained By Ownership
  • Strong Demographics – Average Household Income Above $193K Within a 3-Mile Radius
  • Nearby National Tenants Include ShopRite, Starbucks, Chase Bank, Verizon, Mavis, Exxon, Burger King, and More
  • Property is Uniquely Situated Right Off of Route 31 Seeing Over 26K Vehicles Per Day