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Snipes, Santander, & T-Mobile Retail Strip - 540-548 Central Ave, East Orange, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $4,350,000

  • 15,202

  • 7.35%

  • NOI :

  • Acres :

  • $319,643

  • 0.48

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

  • 87% Occupied retail center – downtown East Orange
  • Anchored by T-Mobile, Snipes, and Santander Bank (rear drive thru)
  • All NNN leases with rent increases
  • Neighboring owner (Santander Bank) pays rent to 540-548 Central Avenue for use of bank drive/thru in rear of the property
  • 26 parking spaces in the rear of the property
  • 100% Sprinklered Building – New electrical in 2013
  • 2,000 SF office space (rear access) available for lease
  • Excellent location along highly trafficked Central Avenue (over 18,000 vehicles/day)
  • Easy access to I-78, I-280, and the Garden State Parkway
  • Urban, infill location with over 781,000 people within a 5-mile radius
  • Nearby national retailers include AutoZone, Dunkin' Donuts, KFC, Wells Fargo, Boston Market, McDonald's, Dollar Tree, and Popeye's

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