Log In/Sign Up
Your email has been sent.
Fully Occupied Retail Strip Plaza | Route 15 11 Route 15 11,730 SF 100% Leased Retail Building Lafayette, NJ 07848 $1,600,000 ($136.40/SF) 7% Cap Rate
Investment Highlights
- 18,000+ daily pass-by vehicles on Route 15 — one of Sussex County's top three commercial corridors
- Diversified tenant mix spanning food, personal care, outdoor specialty retail, wellness, and creative arts
- Covered front walkway + ample parking — built for multi-tenant convenience
- 100% occupied — five tenants, immediate income, zero lease-up risk
- Bagful O' Bagels anchors consistent daily foot traffic as a voted area favorite
Executive Summary
A fully tenanted, five-unit retail strip plaza on one of Sussex County's primary commercial corridors, offering immediate stabilized cash flow and exceptional visibility. Over 18,000 vehicles pass the plaza daily on Route 15 — continuous exposure for a complementary tenant mix that includes Village Main Salon, Golden Stone Outfitters (fly fishing gear, guides & lessons), Bagful O' Bagels (voted one of the area's best), One More Aroma Spa and Massage, and Hangin' by a Thread fabric boutique and classes. A covered front walkway, ample parking, and easy access ensure pass-by traffic converts to foot traffic.
The 5-mile trade area supports nearly 29,000 residents with median household incomes of $100K–$122K. Lafayette's Route 15/94 interchange is the commercial heart of Sussex County, with year-round draw from the Delaware Water Gap, regional trout streams, and Lake Mohawk.
The 5-mile trade area supports nearly 29,000 residents with median household incomes of $100K–$122K. Lafayette's Route 15/94 interchange is the commercial heart of Sussex County, with year-round draw from the Delaware Water Gap, regional trout streams, and Lake Mohawk.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,730 SF
Building Class
C
Year Built
1998
Price
$1,600,000
Price Per SF
$136.40
Cap Rate
7%
NOI
$112,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.67 AC
Zoning
RPD - R01
Parking
30 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-40305-0000-00005 | Improvements Assessment | $0 |
| Land Assessment | $109,100 | Total Assessment | $109,100 |
Property Taxes
Parcel Number
12-40305-0000-00005
Land Assessment
$109,100
Improvements Assessment
$0
Total Assessment
$109,100
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Fully Occupied Retail Strip Plaza | Route 15 | 11 Route 15
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.