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100% Leased Retail Center w/ Strong NOI 3 Retail Properties Online Auction Sale Somerset, NJ
Financing Available
Matterport 3D Tour
Investment Highlights
- Veronica Plaza at 1165 Route 27 is a fully leased three building 33,600-square-foot retail center on a 4.8-acres with strong NOI in Northern Jersey.
- Outparcels feature national tenants such as Bank of America ATM, Jersey Mike’s, and a new Dunkin’, enhancing daily traffic and business synergy.
- Sits on a signalized intersection of Route 27 and Veronica Avenue, with unrivaled exposure to 35,000 vehicles per day, driving visibility and traffic.
- Stabilized center anchored by a service-oriented tenants including Carbon Health, Trinity Rehab, Health Mart Pharmacy, and Central Jersey Urgent Care.
- Turnkey investment opportunity with pylon signage, multiple access points, covered walkways, and ample parking, minimizing upfront operational costs.
- Near Routes 1 and 18 and Rutgers University, serves a dense population of over 245,000 with strong incomes in the Princeton North submarket.
Executive Summary
Veronica Plaza at 1165 Route 27 in Somerset, New Jersey, offers a prime opportunity to acquire a fully stabilized 33,600-square-foot neighborhood retail center comprised of three buildings at the high-visibility intersection of Route 27 and Veronica Avenue.
Veronica Plaza is a fully stabilized asset that delivers strong NOI, durable tenancy, and everyday retail demand through a diverse mix of national, regional, and local operators. Anchored by a strong service-oriented tenant roster that includes Carbon Health, Trinity Rehab, Health Mart Pharmacy, Central Jersey Urgent Care, and Nirvanis Indian Kitchen, the asset functions as a trusted community hub for healthcare, dining, and daily needs. Outparcels occupied by Bank of America-ATM, Jersey Mike’s, and a new Dunkin’ further strengthen the center’s draw, creating a compelling investment opportunity in one of North-Central New Jersey’s most active retail corridors.
The well-maintained retail center sits on a 4.8-acre site and benefits from exceptional visibility, prominent pylon signage, multiple points of ingress, covered walkways, and 100 surface parking spaces. Combined frontage along a signalized intersection offers unrivaled exposure to nearly 35,000 vehicles per day.
Veronica Plaza occupies a strategic Somerset location near Routes 27, 1, and 18, within 3 miles of Rutgers University, Robert Wood Johnson University Hospital, New Brunswick High School, municipal offices, and major warehouse employers that help drive daily demand. The surrounding trade area includes nearly 245,000 residents within a 5-mile radius and an average household income exceeding $136,100, supporting strong consumer spending across healthcare, food service, financial services, and neighborhood retail.
Located in the Princeton North retail submarket, an area marked by low vacancy and rental growth, Veronica Plaza offers investors the opportunity to acquire a high-performing, fully stabilized retail center with strong frontage, proven tenancy, and enduring relevance in a dense, community-oriented market.
Property tours are available by appointment only. Please contact a member of the Cushman Wakefield team to schedule a tour.
Financing is available for qualified buyers. Interested parties should reach out to Brian Anderson on the Cushman Wakefield team for financing inquiries.
Veronica Plaza is a fully stabilized asset that delivers strong NOI, durable tenancy, and everyday retail demand through a diverse mix of national, regional, and local operators. Anchored by a strong service-oriented tenant roster that includes Carbon Health, Trinity Rehab, Health Mart Pharmacy, Central Jersey Urgent Care, and Nirvanis Indian Kitchen, the asset functions as a trusted community hub for healthcare, dining, and daily needs. Outparcels occupied by Bank of America-ATM, Jersey Mike’s, and a new Dunkin’ further strengthen the center’s draw, creating a compelling investment opportunity in one of North-Central New Jersey’s most active retail corridors.
The well-maintained retail center sits on a 4.8-acre site and benefits from exceptional visibility, prominent pylon signage, multiple points of ingress, covered walkways, and 100 surface parking spaces. Combined frontage along a signalized intersection offers unrivaled exposure to nearly 35,000 vehicles per day.
Veronica Plaza occupies a strategic Somerset location near Routes 27, 1, and 18, within 3 miles of Rutgers University, Robert Wood Johnson University Hospital, New Brunswick High School, municipal offices, and major warehouse employers that help drive daily demand. The surrounding trade area includes nearly 245,000 residents within a 5-mile radius and an average household income exceeding $136,100, supporting strong consumer spending across healthcare, food service, financial services, and neighborhood retail.
Located in the Princeton North retail submarket, an area marked by low vacancy and rental growth, Veronica Plaza offers investors the opportunity to acquire a high-performing, fully stabilized retail center with strong frontage, proven tenancy, and enduring relevance in a dense, community-oriented market.
Property tours are available by appointment only. Please contact a member of the Cushman Wakefield team to schedule a tour.
Financing is available for qualified buyers. Interested parties should reach out to Brian Anderson on the Cushman Wakefield team for financing inquiries.
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Property Facts
| Sale Condition | Auction Sale | Number of Properties | 3 |
| Type of Ownership | Fee Simple | Total Building Size | 33,608 SF |
| Sale Type | Investment | Total Land Area | 9.72 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 33,608 SF |
| Total Land Area | 9.72 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Veronica Plaza
1165 Route 27, Somerset, NJ 08873 |
Retail | 18,163 SF | 1973 |
| 1165 State Route 27, Somerset, NJ 08873 | Retail | 12,533 SF | 1973 |
| 1165 State Route 27, Somerset, NJ 08873 | Retail | 2,912 SF | 2023 |
Sale Advisors
Sale Advisors
Jordan Sobel, Director
Jordan is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle markets transactions in the $2 million to $50 million range in the suburban New York Metropolitan area.
Since joining the Private Client Group, Jordan has been involved in more than $1 billion of property sales comprising over 4 million square feet. Jordan’s tenacity and work ethic has consistently delivered superior results for his clients.
Prior to joining the Capital Markets Group, Jordan was a Land Acquisition Analyst at K. Hovnanian Homes. There he assisted the Acquisition team with the evaluation on current and potential acquisitions.
Since joining the Private Client Group, Jordan has been involved in more than $1 billion of property sales comprising over 4 million square feet. Jordan’s tenacity and work ethic has consistently delivered superior results for his clients.
Prior to joining the Capital Markets Group, Jordan was a Land Acquisition Analyst at K. Hovnanian Homes. There he assisted the Acquisition team with the evaluation on current and potential acquisitions.
Andrew Schwartz, Managing Director
Andrew J. Schwartz is a Senior Director in the Metropolitan Area Capital Markets Group. He is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle markets transactions in the $2 million to $20 million range in the suburban New York Metropolitan area.
Since joining the Capital Markets Group, Andrew has been involved in more than $500 million of property sales comprising over 5.7 million square feet. Prior to that, he worked on Wall Street for 20 years serving institutional clients at Abel Noser and Morgan Stanley. Previous to that, he was with Cushman & Wakefield as an office and industrial leasing broker.
Since joining the Capital Markets Group, Andrew has been involved in more than $500 million of property sales comprising over 5.7 million square feet. Prior to that, he worked on Wall Street for 20 years serving institutional clients at Abel Noser and Morgan Stanley. Previous to that, he was with Cushman & Wakefield as an office and industrial leasing broker.
Andre Balthazard, Sr. Associate
Andres’s team specializes in middle-market transactions in the Northern New Jersey and Suburban New York markets. Prior to joining the Capital Markets team, André interned with Cushman & Wakefield in the Sacramento, California, office, where he worked with teams that represented office and industrial tenants and landlords.
Daniel Bottiglieri, Senior Associate - Capital Markets
Daniel J. Bottiglieri is an Associate in the Metropolitan Area Capital Markets Group. He is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle market dispositions ranging from $2 million to $30 million with a specific focus on retail sales.
Brian Anderson, Debt Manager
Brian’s knowledge and extensive experience of the commercial real estate sector allows him to provide proper funding sources for all types of financing requests. His proficiency in underwriting and negotiating, positions him as an expert in CRE financing in order to advise, originate and negotiate the most favorable terms to ensure an effective and timely closing. Brian is a Boston University School of Management graduate.
About the Auction Technology
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
Contacts
-
Jordan Sobel -
Andrew Schwartz -
Andre Balthazard -
Daniel Bottiglieri -
Brian Anderson -
Cushman & Wakefield
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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100% Leased Retail Center w/ Strong NOI
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