10 International Dr S - Storefront FOR SALE
Flanders, NJ 07836 |
10 International Dr S
Flanders, NJ 07836
HIGHLIGHTS
- Lowe’s is paying below-market rent at $4 sq. Ft. on a long-term ground lease.
- The WAULT (Weighted Average Unexpired Lease Term) of The Gardens is approx. 9.3 years providing a long-term steady income stream per Placer A.I.
- The Gardens recently underwent millions in renovations including but not limited to storefront facade, parking lot resurfacing, and landscaping.p
- Nearly 3.5 million visits annually, ranking the Property in the top 12% of shopping centers in New Jersey and top 11% Nationally in 2021 (Placer.ai).
- The Property being sold is 378,385 SF on +/- 46.5 acres, this does not include the Walmart shadow anchor.
- 10-Mile Average Household Incomes are $162,000 and are projected to grow to $179,000 over the next 5 years.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
ITC Crossing South
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
378385
STORIES
1
YEAR BUILT
2001
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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