Schedule a Video Call

Planet Fitness - Amazing Savings - Carpet Mill - 416 New Jersey 10, East Hanover, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $11,975,000

  • 36,192

  • 6.33%

  • NOI :

  • Acres :

  • $757,884

  • 4.00

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

  • RARE 100% Occupied Shopping Center located at 416 Route 10 W, East Hanover, Morris County, New Jersey
  • Dominant retail corridor with most national retail tenants including Costco, Target, Home Depot, Best Buy, Michaels, Party City, Panera Bread, Verizon, Marshalls, Dick's Sporting Goods, HomeGoods, and Starbucks
  • Anchored by Planet Fitness and Amazing Savings
  • All NNN leases with structured rent increases
  • Below market rent for Planet Fitness just over $15/SF.  
  • Amazing Savings and Carpet Mill Outlet have been tenants at this property for over 15 years
  • Tremendous visibility from Route 10 with large pylon sign
  • Located less than 1.5 miles from the Livingston Circle
  • Easy access to I-287, I –280, Route 24, and Route 202
  • Average daily traffic counts exceeding 31,000 cars
  • Low retail vacancy rate in East Hanover of 4%
  • Outstanding demographics with over 144,000 people within 5 miles and average annual household income over $193,000 within 1 mile

Subscribe to Our Distribution List