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75 State Route 15
Lafayette, NJ 07848
The Shoppes at Lafayette · Retail Property For Sale
Investment Highlights
- 64% Occupied With 40,000+ SF of Vacancy, Creating Immediate Upside Through Lease-up, Rent Growth, and Tenant Repositioning
- Over 30+ New Tenants Signed Since Renovation, Validating Demand and Providing a Clear Path to Stabilization
- Upgraded Shopping Village with Minimal Near-Term Capex Required and Strong Leasing Momentum Post-Renovation
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
117,317 SF
Building Class
B
Year Built/Renovated
1984/2017
Price
$11,850,000
Price Per SF
$101.01
Cap Rate
8.09%
NOI
$959,152
Percent Leased
64%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.12
Lot Size
23.16 AC
Zoning
HC
Parking
500 Spaces (4.26 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Courtyard
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 13-00008-0000-00026-01 | Improvements Assessment | $982,400 |
| Land Assessment | $1,100,500 | Total Assessment | $2,082,900 |
Property Taxes
Parcel Number
13-00008-0000-00026-01
Land Assessment
$1,100,500
Improvements Assessment
$982,400
Total Assessment
$2,082,900
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