This Retail Property is Off-Market.

132-172 MOUNTAIN VIEW BOULEVARD
wayne, NJ 07470 ·

32,422 SF · Retail For Sale

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STAHL plaza mall

Price N/A Cap Rate 7%
Gross Leasable Area 32,422 SF Occupancy 75%
Property Type Retail No. Stories 2
Property Sub-type Strip Center Tenancy Single
Property Use Type Investment Year Built 1970
Commission Split 2% Lot Size 1.83 AC
Listing ID: 14896024 Date Created: 11/24/2006 Last Updated: 06/21/2007

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..

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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