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Union Ave Plaza - DMV Anchored - 21-29 Union Avenue, Somerville, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • Unpriced

  • 20,810

  • N/A

  • NOI :

  • Acres :

  • $307,715

  • 1.61

  • Property Type :

  • Property Status :

  • Retail

  • Auction Live Bid

Investment Highlights

  • 100% Occupied, +/- 20,866 SF Strip Center Located on Union Avenue in Somerville, Somerset County, New Jersey
  • Anchored by the NJ Department of Motor Vehicles – Recent 5 Year Extension Showing Commitment to the Location – Operating Here Since 1980s
  • Service Based-Retail Tenants Catering to the Local Community
  • Staggered Lease Expirations – Mitigating Landlord Risk
  • Easy Access to Major Highways – Minutes From I-287, US-22 & 202
  • Walking Distance to Robert Wood Johnson Hospital – Nationally Accredited 355-Bed Regional Medical Center
  • Minutes From Downtown Somerville – Widely Recognized as One of New Jersey's Most Prosperous Up and Coming Downtown Areas
  • Solid Demographics: Over 123,000 With an Average Household Income of Over $153,000 Within 5 Miles of the Subject Property
  • Nearby National Tenants Include: ShopRite, Macy's, Starbucks, Chipotle, Bank of America, KFC, Chase, McDonald's, TD Bank, Wendy's & Wells Fargo

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