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Three Tenant Retail - 398-402 Central Ave, East Orange, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,200,000

  • 3,810

  • 7.10%

  • NOI :

  • Acres :

  • $85,177

  • 0.13

  • Property Type :

  • Property Status :

  • Retail

  • Under Agreement

Investment Highlights

  • 100% Occupied Retail Center – Downtown East Orange New Jersey
  • Recently renovated building
  • All tenants have leases in place with options
  • Neighboring owner (Santander Bank) pays rent to 540-548 Central Avenue for use of bank drive/thru in rear of the property
  • Excellent location along highly trafficked Central Avenue (over 17,000 vehicles/day)
  • Easy access to I-78, I-280, and the Garden State Parkway
  • Urban, infill location with over 820,000 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