2540 US Highway 1 19,319 SF 100% Leased Retail Building Lawrenceville, NJ 08648 $3,380,000 ($174.96/SF) 6.75% Cap Rate

BRAND NEW TO THE MARKET!
Retail Strip Center Investment - 100% Occupied - NNN Leases with Upside
2534-2542 Brunswick Pike (Route 1, Lawrence Township, NJ 08648
- Approximately 19,319 SF retail strip center
- Multiple-tenant retail/medical/service uses
- 100% Occupied
Asking Price: $3,380,000.00
• NOI: $228,304.15
• CAP Rate: 6.75%
• $/ SF: $175.00 PSF
• Below Market Rents
• NNN Leases (with upside)
Year Built: 1970. Roof replaced in 2017 and under warranty. Two HVAC units recently replaced in the last 2 years. The HVAC unit for store # 2536 was replaced this past December. The storefront for # 2536 was recently replaced.
- Lot Size: +/- 1.60 acres
- Parking: 107 parking spaces on site
- Zoning: Highway Commercial (HC) – supports a broad range of retail and service uses
Current Tenant Roster below:
• Concentra Health Services / Concentra Urgent Care – +/- 8,209 SF medical/urgent care use, providing consistent daily traffic and community service demand. Concentra has over 690 locations across 41 states.
• Kayla’s Pretty Paws - +/- 2,262 SF dog, cat, rabbit, & bird grooming business. Link to website Dog, Cat, Rabbit & Bird Grooming | Kayla’s Pretty Paws LLC
• Cats and Cleavers Cat Café, Feline Foster & Adoption Lounge - +/- 1,778 SF in person café where customers can sip beverages, relax, and connect with friendly adoptable cats.
• Awakened Soul Sisters - +/- 1,370 SF healing and wellness center.
**Please note that Kayla’s Pretty Paws, Cats and Cleavers Cat Café, and Awakened Soul Sisters are under one lease agreement.
• The Cool Venue - +/- 5,700 SF indoor event space with seating for 200 guests. Cool Venue has 3 locations across NJ.
- Mix of medical services, specialty retail, and service tenants provides occupancy stability and diversified customer draw.
- The property is positioned on Brunswick Pike / U.S. Route 1 Business, a high-visibility retail corridor with significant daily traffic counts (+/- 38,000 vehicles/day) and strong commuter flow connecting Princeton, Trenton, Hamilton, and major regional routes (Route 206, I-95/NJ Turnpike).
- Direct access via a signalized intersection (jug handle at Texas Ave), providing excellent ingress/egress from a four-lane highway.
- Frontage and pylon signage opportunities visible to U.S. Route 1 traffic enhance tenant branding and rental appeal.
- Located within a dense retail and service node in Mercer County: proximity to pharmacies, grocery stores, national retailers (Acme, CVS, Dollar Tree), Mercer County Library, and U.S. Post Office.
- Nearby established shopping destinations include Lawrence Center and Quaker Bridge Mall, increasing cross-trade potential.
- Surrounding residential and employment base supports consistent demand for convenience-oriented services and specialty retail.
Investment Highlights
Please contact Matt Miller or Logan Gurtman for additional financials:
Matt Miller
Cell: 908-770-0686
Email: matt@legacyrealtynj.com
Logan Gurtman
Cell: 908-692-9890
Email: logan@legacyrealtynj.com