33-39 Ridgedale Ave
East Hanover, NJ 07936
Retail Property For Sale

Marcus & Millichap is pleased to present a two-tenant retail building located at 39 Ridgedale Avenue, in East Hanover (Morris County), New Jersey. The 15,232+/- building is 100 percent occupied, with Cresthill Academy occupying 2 units which account for 84.4% of the GLA. The tenants have 4+ years remaining on their lease with additional option periods which include rent escalations. The tenants are responsible for 100 percent of their pro-rata share for all expenses on the property. The building is situated right off Route 10, a major retail thoroughfare traveling to Interstate 287 and Interstate 280 with many large pharmaceutical and corporate headquarters nearby including but not limited to Novartis Pharmaceutical, Tiffany’s & Co., Intel Corporation and the IRS Office. East Hanover is a city located in Morris County, New Jersey. The subject property is approximately 21 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 East Hanover, the average household income is $154,635 among the 157,436 individuals who reside within a five-mile radius of the subject property.