2 Old Forge Rd - Freestanding FOR SALE


Helmetta, NJ 08828
$3,250,000 USD
2 Old Forge Rd, Helmetta, NJ for Sale
$3,250,000 USD
Freestanding - FOR SALE
1/4
null | 6.68% Cap Rate

2 Old Forge Rd
Helmetta, NJ 08828


HIGHLIGHTS

  • Ideally located at the intersection of 2 major throughfares, Main Street and Old Forge Road.
  • Entire Center was recently repaved.
  • 100% occupied with fresh 5-year leases.
  • All leases are NNN with built-in rent increases.

OVERVIEW

Sutton Plaza, located at 2 Old Forge Road in the historic Borough of Helmetta in Middlesex County, New Jersey, is being offered for sale for the first time by the original developer. Ideally situated at the intersection of 2 major thoroughfares – Main Street & Old Forge Road – this prominent neighborhood plaza is 100% leased with an impressive WALT of 5.03 years suggesting income stability and mitigating lease rollover risk. Anchored by a popular, long-tenured local convenience store drawing steady traffic throughout the day, Sutton Plaza has been freshly paved and boasts 55 on-site parking spaces comfortably accommodating the full roster of Amazon-proof tenants including a Thai food restaurant, vape/smoke shop, cleaner, and new kids play café. This 11,038 square foot center represents one of the few retail opportunities in this densely-populated area and benefits from pass-by traffic from high-income, surrounding locales like East Brunswick and Monroe Township. NNN Leases make this cash-flowing center appealing for active and passive real estate investors alike.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sutton Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

B-1

APN/PARCEL ID

06-00013-0000-00039-03

ASK ABOUT THIS PROPERTY

Robert McDaidRenaissance Properties IncMore Info

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Robert McDaidRenaissance Properties IncMore Info

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