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1 Tree Farm Rd
Pennington, NJ 08534
Cornerstone Court · Retail Property For Sale
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
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
PROPERTY TAXES
| Parcel Number | 06-00048-02-00003 | Improvements Assessment | $1,017,800 |
| Land Assessment | $1,235,300 | Total Assessment | $2,253,100 |
PROPERTY TAXES
Parcel Number
06-00048-02-00003
Land Assessment
$1,235,300
Improvements Assessment
$1,017,800
Total Assessment
$2,253,100
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