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Investment Highlights

  • 100% leased strip center anchored by CityMD with long-term NNN leases and scheduled rent increases.
  • Weighted average lease term of ±9.2 years with all tenants on 10-year initial terms and renewal options.
  • Diverse tenant mix including medical and retail, with established multi-unit operators and strong regional brands.
  • Prime location along US-1 with exposure to over 81,400 vehicles per day and excellent visibility.
  • Dense and affluent demographics with 294,000+ residents and $119,000+ average household income within 5 miles.
  • Surrounded by major national retailers and automotive dealerships in a dominant New Jersey retail corridor.

Executive Summary

Patrick Forde
Matthews Real Estate Investment Services, Inc
License # 2330333, 122887 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,187 SF
Building Class
C
Year Built/Renovated
1970/2025
Price
$7,556,500
Price Per SF
$922.99
Cap Rate
6.75%
NOI
$510,068
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.87 AC
Zoning
GBH
Parking
38 Spaces (4.64 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

99 Ranch Market
Shoprite Of Edison
Royal Business Bank
Planet Fitness
Le Peep
Storage Sense
Outback Steakhouse
Capital One
Citizens
Santander

Property Taxes

Property Taxes

Parcel Number
05-00172-0000-00001-01
Land Assessment
$410,800
Improvements Assessment
$906,700
Total Assessment
$1,317,500
  • Listing ID: 39495218

  • Date on Market: 2/19/2026

  • Last Updated:

  • Address: 687 US 1, Edison, NJ 08817

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