Schedule a Video Call

Downtown Millburn Retail Strip Center - 313 Millburn Avenue, Millburn, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $3,100,000

  • 9,352

  • 6.15%

  • NOI :

  • Acres :

  • $190,905

  • 0.29

  • Property Type :

  • Property Status :

  • Retail

  • Under Agreement

Investment Highlights

• Rare Downtown Street Retail Located Along Millburn Avenue – 9,291 SF

• 100% Occupied – Eight (8) Total Stores

• All leases are NNN with tenants responsible for taxes, insurance, and CAM

• All suites are smaller (approximately 1,000 – 1,300 SF) where no one tenant is more than 14% of the rent roll

• All tenants have annual rent increases

• 2 blocks from Millburn Train Station and Municipal Parking Garage

• Excellent corner location in a highly desirable northern New Jersey downtown

• Superb northern New Jersey demographics with 1-mile average household income exceeding $203,000 and 5-

mile population exceeding 426,000 people

Subscribe to Our Distribution List