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Harbor Freight Center 745 US Highway 46 32,432 SF 100% Leased Retail Building Parsippany, NJ 07054 $9,440,000 ($291.07/SF) 6.75% Cap Rate

Storefront Properties New Jersey Parsippany 745 US Highway 46, Parsippany, NJ 07054

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Investment Highlights

  • Anchored by Harbor Freight Which Occupies 55% of The GLA
  • All In-Line Tenants Operating Under NNN Leases
  • Unique Blend of Tenants Mitigating Landlord Risk

Attachments

745 Route 46 Offering Memorandum UPDATE 2025

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
32,432 SF
Building Class
C
Year Built/Renovated
1962/2014
Price
$9,440,000
Price Per SF
$291.07
Cap Rate
6.75%
NOI
$637,202
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.18
Lot Size
4.10 AC
Zoning
B-1
Parking
124 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
217’ on E 46

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Lazeez Bistro
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Royal Green Appliance, Inc
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Wizard Smoke Shop
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Lazeez Bistro Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000
Royal Green Appliance, Inc Retailer - $9.99 Lorem Ipsum Jan 0000
Wizard Smoke Shop - - $9.99 Lorem Ipsum Jan 0000
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Source: Local Logic®

Nearby Major Retailers

Crunch Fitness
Shoprite
IHOP
Sainsbury's
Bank of America
PNC Bank
Starbucks
Patel Brothers
Applebee's
StretchLab

Property Taxes

Parcel Number 36-04002-0000-00022 Improvements Assessment $285,400
Land Assessment $338,000 Total Assessment $623,400

Property Taxes

Parcel Number
36-04002-0000-00022
Land Assessment
$338,000
Improvements Assessment
$285,400
Total Assessment
$623,400
(201) 742-6118

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 37540788

  • Date on Market: 9/4/2025

  • Last Updated:

  • Address: 745 US Highway 46, Parsippany, NJ 07054

More public record information on 745 US Highway 46, Parsippany, NJ 07054

The Retail Property at 745 US Highway 46, Parsippany, NJ 07054 is currently available for Sale. Contact Marcus & Millichap for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Harbor Freight Center | 745 US Highway 46
(201) 742-6118 x

Harbor Freight Center | 745 US Highway 46

Alan Cafiero
(201) 742-6118

David Cafiero
(201) 742-6115

John Moroz
(201) 819-0338

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