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343-351 State Route 34
Matawan, NJ 07747
Park Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Anchored by Dunkin' with Drive-Thru, Palms Plaza Catering, Paramount Fitness, and Golf Republic
- The Property has a Diversified Roster of 20 Tenants Including Dining, Lifestyle, and Neighborhood Retail
- Most Tenants Have Annual Rent Increases Providing a Hedge Against Inflation, and Steady Rent Growth
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
61,811 SF
Building Class
C
Year Built
1986
Price
$16,742,000
Price Per SF
$270.86
Cap Rate
7%
NOI
$1,171,129
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.86 AC
Zoning
EDO1
Parking
316 Spaces (5.11 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 15-03231-0000-00017 | Improvements Assessment | $1,688,000 |
| Land Assessment | $1,312,000 | Total Assessment | $3,000,000 |
PROPERTY TAXES
Parcel Number
15-03231-0000-00017
Land Assessment
$1,312,000
Improvements Assessment
$1,688,000
Total Assessment
$3,000,000
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