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321 Millburn Ave 1,671 SF of Retail Space Available in Millburn, NJ 07041
Highlights
- Prime retail location on Millburn Avenue with 130 feet of frontage.
- Walking distance to the train station, enhancing commuter access.
- Metered parking and a parking deck available within one block.
- High visibility and exposure to approximately 26,969 vehicles per day.
- Surrounded by national retailers, restaurants, and service businesses.
- Full basement included for additional storage or operational needs.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,671 SF | Negotiable | $26.50 /SF/YR $2.21 /SF/MO $44,282 /YR $3,690 /MO | TBD |
1st Floor
- Partially Built-Out as Standard Retail Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,671 SF | Gross Leasable Area | 14,626 SF |
| Property Type | Retail | Year Built | 1940 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,671 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 14,626 SF |
| Year Built | 1940 |
About the Property
Well-positioned building along Millburn Avenue in Millburn, NJ. The property benefits from exceptional visibility with 130 feet of frontage on a high-traffic corridor that sees nearly 27,000 vehicles daily. Located within walking distance to the train station, the site offers convenient access for commuters and customers alike. The surrounding area features a vibrant mix of national and local retailers, including Trader Joe’s, CVS, Starbucks, and Home Depot, creating a strong retail synergy. Heavy foot traffic and proximity to major banks, fitness studios, and dining establishments further enhance the location’s appeal. Metered street parking and a nearby parking deck provide easy accessibility for visitors. The space includes a full basement, and the landlord provides heating and air conditioning to the second floor. This property is ideal for retailers seeking a prominent presence in a thriving downtown environment with strong demographics and a high average household income.
Nearby Major Retailers
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321 Millburn Ave
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