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3651-3691 Route 9
Freehold, NJ 07728
Freehold Mall · Retail Property For Sale
·
287,370 SF Total
Investment Highlights
- Anchored by five nationally recognized tenants — Hobby Lobby, Burlington, Aldi, Harbor Freight, and Crunch Fitness — representing 65% of GLA
- Positioned as an institutional-quality asset in a supply-constrained submarket
- Stabilized at 98% leased, with a diversified, recession-resilient rent roll spanning grocery, fitness, home improvement, and value retail
- Renovated extensively since 2019, including an upgraded façade, 90% new TPO roofing, repaving, and LED parking lot lighting
Executive Summary
Freehold Center is a 220,000 SF grocery/necessity-anchored shopping center located on Route 9 in Freehold, NJ. The center is currently 94% occupied, with executed leases and LOIs in hand that will bring occupancy to 100%. The property is anchored by Hobby Lobby, Burlington, Aldi, Harbor Freight, and Crunch Fitness - collectively 65% of GLA on long-term leases - and ownership has recently invested in significant capital upgrades, including new roofs, paving, and façade. This asset is an ideal 1031 candidate.
Property Facts
| Price / SF | $173.99 / SF | Number of Properties | 4 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 287,370 SF |
| Status | Active | Total Land Area | 54.04 AC |
| Price / SF | $173.99 / SF |
| Sale Condition | 1031 Exchange |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 287,370 SF |
| Total Land Area | 54.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3651-3691 Route 9, Freehold, NJ 07728 | Retail | 219,562 SF | 1967 | - |
| 3651-3691 Route 9, Freehold, NJ 07728 | Retail | 38,689 SF | 1967 | - |
| 3681b US Highway 9, Freehold, NJ 07728 | Retail | 22,700 SF | 1967 | - |
| 3681 US Highway 9 N, Freehold, NJ 07728 | Retail | 6,419 SF | 1967 | - |
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