Historical Retail Sale Listing - STAHL plaza mall

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STAHL plaza mall

132-172 MOUNTAIN VIEW BOULEVARD, wayne, NJ 07470

N/A

32,422 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
32,422 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7%
Occupancy:
75%
No. Stories:
2
Tenancy:
Single
Year Built:
1970
Lot Size:
1.83 AC
Listing ID
14896024
Last Updated
over 1 year ago

Highlights

  • great location
  • excellent exchange property
  • nearly 60,000 reside within 3 miles
  • within half mile to major highway route
  • property has excellent growth potential

Description

Excellent location..18-20 store strip center with approved 2000-4000 sf.anchor store for drive thru....area rents $22@ft -$31@sf with projected rents for a low $22 @sf for vacant stores would suggest a return for center at +- 7% ..yearly increases are 5% so by year 3 return should be 8%+- very good demographic in strong area

Located on almost 2 acres the mall offers a variety of options for owner.. located in walking distances from train and buses it has excellent potential for ownership..

Map of 132-172 MOUNTAIN VIEW BOULEVARD, wayne, NJ 07470 (Passaic County)

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Created 11/24/2006