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Marion Plaza - 16-22 Marshall Hill Road, West Milford, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,816,000

  • 8,205

  • 6.85%

  • NOI :

  • Acres :

  • $124,403

  • 0.75

  • Property Type :

  • Property Status :

  • Retail

  • Under Agreement

Investment Highlights

  • 16-22 Marshall Hill Road (Marion Plaza) is a fully occupied mixed-use building located near the main intersection within the town of West Milford
  • The subject property consists of 5 retail tenants and 2 apartment units.
  • Ability to add value through renovating apartment units and bringing rents to market.
  • History of long-term tenancy with all retail tenants having been at this location for 10-20 years
  • Snap Fitness is a privately owned and operated health and fitness club. The gym has 24/7 access so that members can exercise any time of day.
  • Snap is also one of only two gyms servicing this area.
  • Nearby national retailers include ShopRite, McDonald's, Lakeland Bank, Rite-Aid, Walgreens, Dunkin' Donuts, TJ Maxx, USPS, Columbia Bank, and M&T Bank

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