2710-2714 Morris Ave
Union Township, NJ 07083
Glo Bar · Retail Property For Sale

Marcus & Millichap is pleased to exclusively list a single tenant retail building located in Union (Union County), New Jersey. The subject property is occupied by Glo Bar, who has been in the same location since 2002. The tanning salon recently extended their lease for an additional 5 years. The 4,000+/- square feet building is situated on a .24 acre lot with immediate access to the Garden State Parkway and Route 22. The property features a gated private parking lot including 12 parking spaces with video entry equipment for customers. The tenant operates on a NNN lease including full reimbursement for taxes, insurance, common area maintenance & the repair and replacement of building, sidewalks, driveways, and parking lot. The subject property is within proximity to numerous educational institutions. This strategic location has access to multiple major highways: Garden State Parkway and Route 22, and a few miles from Interstate 78. Morris Avenue is a heavy retail corridor with many retail, office, and educational facilities nearby. Union is a city located in Union County, New Jersey. The subject property is approximately 14 miles west of New York City. NJ Transit provides rail service at the Union train station on the Raritan Valley Line to Newark Penn Station. Within a five-mile radius of Union, the average household income is $104,811 among the 503,258 individuals who reside within a five-mile radius of the subject property. The asking price of $949,000 represents a 7.60 percent cap rate.