RJBrunelli & Co. has been retained by the owner to sell the 100% fee simple interest in The Gardens is a 210,845 SF, high-performing shopping center in Flanders, Mount Olive Township, NJ.
The Property is 98% leased and anchored by Walmart and Lowe’s, driving strong, consistent traffic.
The tenant mix features leading national retailers including TJ Maxx, HomeGoods, Michaels, Ross, and PetSmart, with 86% of income from national and credit tenants and 6.3+ years of weighted average lease term remaining.
The center ranks in the 94th percentile nationally for visits, generating over 4.5 million visits annually, and is strategically located within the NY–NJ MSA, just 0.1 miles from I-80 and Route 206, serving a high-income trade area with average household incomes exceeding $157,500.