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Locus Plaza 5 Locust Avenue 24,031 SF 100% Leased Retail Building Wallington, NJ 07057 $3,850,000 ($160.21/SF)



INVESTMENT HIGHLIGHTS
- Attractive Rent Increases
- Transit Oriented Location
- Exceptional Demographics
- Strategic Location
- High Traffic Counts
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Locus Plaza located at 5 Locust Avenue in Wallington, New Jersey (the “Property”). The Property consists of a fully occupied, eleven-tenant retail plaza with 24,031 square feet of space on a 1.13-acre corner parcel of land. Locus Plaza is situated in an incredible urban-infill location along the border of Wallington and East Rutherford. The Property is positioned at the signalized intersection of Locust Avenue and Paterson Avenue, the area’s primary commercial and commuter corridor and offers prominent visibility and frontage. The Property is positioned along the municipal bus line, is convenient to several Train Stations, and is close to major area roadways. The immediate area offers an eclectic mix of local businesses and services, surrounded by densely populated residential areas that provide a robust consumer base. Wallington is located in Bergen County and is a suburb within the New York metropolitan area. The densely populated area is approximately 15-miles northwest of New York City.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,031 SF
Building Class
C
Year Built
1900
Price
$3,850,000
Price Per SF
$160.21
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
1.13 AC
Zoning
R2
Parking
100 Spaces
AMENITIES
- Signage
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 65-00035-0000-00006 | Improvements Assessment | $2,652,600 |
| Land Assessment | $1,730,600 | Total Assessment | $4,383,200 |
PROPERTY TAXES
Parcel Number
65-00035-0000-00006
Land Assessment
$1,730,600
Improvements Assessment
$2,652,600
Total Assessment
$4,383,200
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Locus Plaza | 5 Locust Avenue
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