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1235 W Chestnut St
Union Township, NJ 07083
Greenleaf at Union · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
111,147 SF
Building Class
B
Year Built
2017
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
7.25 AC
Zoning
BC - Commercial Business
Parking
540 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
579’ on Route 22

ABOUT 1235 W CHESTNUT ST , UNION TOWNSHIP, NJ 07083

The recently constructed 110,147-square-foot regional retail center in Union (Union County), New Jersey was built in 2017 and is anchored by LA Fitness and Bob’s Discount Furniture, in addition to a varied, e-commerce-resistant tenant mix including Jennifer Furniture, Sleep Comfort, Firehouse Subs, First Watch, Kinder Pediatrics, BurgerIm, Red Wings, Got Shoes & Dogtopia. The property is currently 100% occupied, which provides an investor with long-term stability from a strong tenant lineup. Greenleaf at Union has nearly 600 feet of frontage along Route 22 with a large pylon sign providing increased visibility to the site. Route 22 is one of the premiere retail corridors in the state, and benefits from a densely populated area, high traffic counts, and an abundance of national and regional retailers in the immediate surrounding. In addition, the property is located adjacent to a high-performing Costco Wholesale Club, which drives significant traffic to the subject property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-04002-0000-00006-02-C0002
  • 19-04002-0000-00006-01-C0001
Land Assessment
$1,215,000
Improvements Assessment
$2,278,600
Total Assessment
$3,493,600
  • Listing ID: 18655336

  • Date on Market: 2/26/2020

  • Last Updated:

  • Address: 1235 W Chestnut St, Union Township, NJ 07083

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