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Cornerstone Court 1 Tree Farm Rd 18,284 SF 77% Leased Retail Building Pennington, NJ 08534 $4,200,000 ($229.71/SF) 7.06% Cap Rate

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Investment Highlights

  • No Single Tenant Occupies More Than 12% of the Gross Leasable Area
  • Property is Uniquely Situated Right Off of Route 31 Seeing Over 26K Vehicles Per Day
  • Property Has Been Meticulously Maintained By Ownership

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,284 SF
Building Class
B
Year Built
2006
Price
$4,200,000
Price Per SF
$229.71
Cap Rate
7.06%
NOI
$296,614
Percent Leased
77%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Lot Size
1.83 AC
Zoning
C - Commercial
Parking
70 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
164’ on Tree Farm Rd

Amenities

  • 24 Hour Access
  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Dunkin, formerly known as Dunkin’ Donuts, is a global quick-service restaurant brand headquartered in Canton, Massachusetts. Founded in 1950 by William Rosenberg in Quincy, Massachusetts, Dunkin specializes in coffee, baked goods, and breakfast sandwiches. The company operates under a 100% franchise model and is part of Inspire Brands, a privately held restaurant group. Dunkin has grown into one of the largest coffee and baked goods chains worldwide, serving millions of customers daily. Its menu includes hot and iced coffee, espresso beverages, donuts, bagels, and other breakfast items. Dunkin rebranded in 2019 to emphasize its beverage-led strategy while maintaining its iconic donut offerings. Today, the brand operates over 12,000 locations in more than 40 countries, including approximately 9,800 stores in the United States.

  • Notable Thrift
  • -
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000
Notable Thrift - - - Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 206
  • 700 SF
  • Office
  • -
  • Now

Great location in Pennington at Cornerstone Court. Office Suite 206 on the second Floor has approximately 700 SqFt of office space perfect for an accountant, IT computers, lawyer, or professional looking for a smaller space. The unit can be accessed by way of elevator or stairs. The space operated as an IT mainframe location for a small IT firm. Schedule a showing today! Landlord will offer 3 months free rent.

Space Size Space Use Position Available
206 700 SF Office - Now

206

Size
700 SF
Space Use
Office
Position
-
Available
Now

206

Size 700 SF
Space Use Office
Position -
Available Now

Great location in Pennington at Cornerstone Court. Office Suite 206 on the second Floor has approximately 700 SqFt of office space perfect for an accountant, IT computers, lawyer, or professional looking for a smaller space. The unit can be accessed by way of elevator or stairs. The space operated as an IT mainframe location for a small IT firm. Schedule a showing today! Landlord will offer 3 months free rent.

Nearby Major Retailers

Starbucks
Oceanfirst Bank
Bubbakoo's Burritos
The YMCA

Property Taxes

Property Taxes

Parcel Number
06-00048-02-00003
Land Assessment
$1,235,300
Improvements Assessment
$1,017,800
Total Assessment
$2,253,100
  • Listing ID: 35954933

  • Date on Market: 5/22/2025

  • Last Updated:

  • Address: 1 Tree Farm Rd, Pennington, NJ 08534

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