389 Dover Chester Rd 11,900 SF 100% Leased Retail Building Randolph, NJ 07869 $2,250,000 ($189.08/SF) 6.70% Cap Rate

We are pleased to present an exceptional opportunity to acquire a fully stabilized, income-producing retail asset located in one of the most affluent and sought-after areas in the region. This strip mall consists of 8 fully leased units, offering immediate and reliable cash flow backed by a strong tenant base and long-term lease agreements.
The center is strategically anchored by the United States Postal Service (USPS), a nationally recognized, credit-rated tenant that generates consistent daily foot traffic and serves as a major driver of visibility and consumer activity for the property. In addition to USPS, the property is home to a diverse mix of well-established local and regional tenants, each contributing to the location’s strong identity and long-standing community presence.
Positioned along a highly trafficked retail corridor, the property benefits from excellent frontage, visibility, and access, as well as a robust consumer demographic with high household incomes and strong retail demand. Ample on-site parking, with 64 dedicated spaces, further enhances customer convenience and tenant appeal.
Investment Highlights
100% Occupied | 8 Units
Fully stabilized asset with no current vacancies, providing dependable in-place income from day one.
National Anchor Tenant – USPS
Strong credit anchor with long-term lease in place, offering security and consistent consumer traffic.
Diverse & Eclectic Tenant Mix
A carefully curated selection of service-based and retail tenants with long-term leases, many of whom have been operating at this location for several years.
Affluent Trade Area
Located in a high-income neighborhood with strong retail fundamentals, including high consumer spending and low vacancy rates.
Ample On-Site Parking
64 surface parking spaces ensure ease of access for customers and support healthy tenant operations.
Low Management Requirements
The stability of the tenant mix, long-term leases, and minimal capital improvement needs make this an ideal passive investment for both local and out-of-state buyers.
Location Highlights
The property sits within an economically vibrant and demographically attractive market. Surrounded by national retailers, upscale residential communities, and well-performing schools, the area continues to show strong population growth and retail performance metrics. The affluent customer base provides a reliable foundation for ongoing tenant success and long-term asset appreciation.