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- LoopNet Team
404 State Route 17 N
Paramus, NJ 07652
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
ABOUT 404 STATE ROUTE 17 N , PARAMUS, NJ 07652
CBRE has been retained as the exclusive advisor for the sale of 404 Route 17 North (“the Property”), a 100% leased 41,988± SF grocery-anchored center occupied by Trader Joe’s and HomeSense, fronting directly on Route 17 in Paramus, Bergen County, New Jersey. The center is located on one of the region’s most prestigious and heavily traveled (144,000+ cars per day) retail corridors with incredible demographics. Strong In-Place Income • Stable NOI – 100% leased to national/credit tenants with an in-place income $592,000. • Strong Grocer Anchor/No Near-Term Rollover – HomeSense is a new lease that expires in 2029 and Trader Joe’s recently renewed through 2031 providing no rollover risk for the next 10 years.
PROPERTY TAXES
| Parcel Number | 46-04302-0000-00005 | Improvements Assessment | $10,793,900 |
| Land Assessment | $8,240,000 | Total Assessment | $19,033,900 |
PROPERTY TAXES
