780 Livingston Ave
North Brunswick, NJ 08902
Retail Property For Sale

Marcus & Millichap is pleased to exclusively list for sale a five tenant retail and office building located on Livingston Avenue in North Brunswick (Middlesex County), NJ. The building has not had a vacancy since 2001 and three of the five tenants have been in the building since the mid 1990's and earlier. The owner replaced the roof within the past five years. Three of the five air conditioning units are less than four years old. The asking price of $1,225,000 represents an 8.92% Cap Rate. This is a great opportunity to acquire a high-yielding asset with both short-term and long-term growth. There are several major development projects under construction in North Brunswick. The largest is the Main Street North Brunswick Transit Development by Garden Homes & Pulte Homes. This development features a new NJ Transit Rail Station, Costco, Target, 1,875 housing units, a hotel and office space situated on approximately 212 acres. The second most notable is the redevelopment of the prior Coca-Cola facility located on Livingston Avenue. M&M Realty Partners acquired the 7.71 acre site and is constructing a QuickChek, a drive-thru Wendy' s, and an additional 30,000 square foot retail or flex building.