PRIME LOCATION - The Property offers excellent visibility due to its advantageous location on Route 22 and has multiple points of ingress and egress. In addition to the main entrance off of Route 22, there is full access from the rear on Diamond Road. It is situated within one of the most highly trafficked commercial corridors with 77,860 vehicles passing daily. The Property also has convenient access to the Garden State Parkway, Interstate 78, and the New Jersey Turnpike (I-95).
The Property was recently vacated by a fitness user after 30 years. It is available for a Tenant(s) to lease the existing box or reposition the site to accommodate a new user(s). It is uniquely zoned for both retail and industrial, which opens it up to a very wide range of options.
Neighborhood Retail - The Property is surrounded by a strong collection of nationally recognized tenants such as Walmart, Home Depot, ShopRite, Target, Staples, Best Buy etc. Current market vacancy is less than 4%.
Affluent Demographics & Unmatched Regional Accessibility - 99 Route 22 East is situated in the heart of the Route 22 commercial corridor featuring countless nationally recognized retailers, self-storage providers, high end auto dealerships, medical/professional offices, last mile distribution facilities and much more. The corridor has become a major draw due to the area’s affluent demographic profile and proximity to major employment hubs such as Newark (10 miles), Edison (13 miles), Jersey City (16 miles) and Manhattan (22 miles). Additionally, the Property is located in Springfield, a town of approximately 17,140 residents and an average household income of $157,998, with over 57% of households earning at least $100,000 annually. Numerous high income communities such as Westfield, Summit, New Providence, Short Hills and Berkeley Heights are also within a 5 to 15 minute drive of the Property.
For further information and documents please contact Rich Schulz at 973-713-4925 or richard.schulz@srsre.com
