Veronica Plaza 3 Retail Properties Offered at $17,057,202 in Somerset, NJ

Veronica Plaza offers a rare opportunity to acquire a highly visible retail strip center located at the intersection of Route 27 and Veronica Avenue in Somerset, NJ. The property spans 33,608 SF and is currently 95% occupied, providing stable cash flow and strong tenant retention. With an asking price of $17,057,202 and a cap rate of 7.15%, this investment delivers a net operating income of $1,219,590 annually.
The center benefits from exceptional frontage along Route 27, which sees approximately 24,000 vehicles per day, and is situated just three miles from Rutgers University in New Brunswick. Major tenants include Bank of America, Dunkin’, Jersey Mike’s Subs, Trinity Rehab, Carbon Health, Esteem Dental Service, and Laundry Zone Laundromat, ensuring a diverse and resilient income stream. The site encompasses 5 acres and offers ±100 parking spaces, making it convenient for customers and tenants alike.
This property is positioned within a thriving retail corridor surrounded by national brands such as Aldi, Burger King, AutoZone, and Wawa, reinforcing its long-term value and market appeal. Investors will appreciate the strong demographics, with over 230,000 residents within a five-mile radius and average household incomes exceeding $120,000.