2540 US Highway 1 - Freestanding FOR SALE


Lawrenceville, NJ 08648
$3,380,000 USD
908-770-0686
2540 US Highway 1, Lawrenceville, NJ for Sale
$3,380,000 USD
Freestanding - FOR SALE
1/10
null | 6.75% Cap Rate

2540 US Highway 1
Lawrenceville, NJ 08648


HIGHLIGHTS

  • Fully Stabilized Retail Center Investment
  • NNN Leases with Upside
  • Abundance of Parking with 107 Spaces Onsite
  • Below Market Rents
  • Located on Heavily Traveled Route 1 with +/- 38K VPD

OVERVIEW

BRAND NEW TO THE MARKET! Retail Strip Center Investment - 100% Occupied - NNN Leases with Upside 2534-2542 Brunswick Pike (Route 1, Lawrence Township, NJ 08648 - Approximately 19,319 SF retail strip center - Multiple-tenant retail/medical/service uses - 100% Occupied Asking Price: $3,380,000.00 • NOI: $228,304.15 • CAP Rate: 6.75% • $/ SF: $175.00 PSF • Below Market Rents • NNN Leases (with upside) Year Built: 1970. Roof replaced in 2017 and under warranty. Two HVAC units recently replaced in the last 2 years. The HVAC unit for store # 2536 was replaced this past December. The storefront for # 2536 was recently replaced. - Lot Size: +/- 1.60 acres - Parking: 107 parking spaces on site - Zoning: Highway Commercial (HC) – supports a broad range of retail and service uses Current Tenant Roster below: • Concentra Health Services / Concentra Urgent Care – +/- 8,209 SF medical/urgent care use, providing consistent daily traffic and community service demand. Concentra has over 690 locations across 41 states. • Kayla’s Pretty Paws - +/- 2,262 SF dog, cat, rabbit, & bird grooming business. Link to website Dog, Cat, Rabbit & Bird Grooming | Kayla’s Pretty Paws LLC • Cats and Cleavers Cat Café, Feline Foster & Adoption Lounge - +/- 1,778 SF in person café where customers can sip beverages, relax, and connect with friendly adoptable cats. • Awakened Soul Sisters - +/- 1,370 SF healing and wellness center. **Please note that Kayla’s Pretty Paws, Cats and Cleavers Cat Café, and Awakened Soul Sisters are under one lease agreement. • The Cool Venue - +/- 5,700 SF indoor event space with seating for 200 guests. Cool Venue has 3 locations across NJ. - Mix of medical services, specialty retail, and service tenants provides occupancy stability and diversified customer draw. - The property is positioned on Brunswick Pike / U.S. Route 1 Business, a high-visibility retail corridor with significant daily traffic counts (+/- 38,000 vehicles/day) and strong commuter flow connecting Princeton, Trenton, Hamilton, and major regional routes (Route 206, I-95/NJ Turnpike). - Direct access via a signalized intersection (jug handle at Texas Ave), providing excellent ingress/egress from a four-lane highway. - Frontage and pylon signage opportunities visible to U.S. Route 1 traffic enhance tenant branding and rental appeal. - Located within a dense retail and service node in Mercer County: proximity to pharmacies, grocery stores, national retailers (Acme, CVS, Dollar Tree), Mercer County Library, and U.S. Post Office. - Nearby established shopping destinations include Lawrence Center and Quaker Bridge Mall, increasing cross-trade potential. - Surrounding residential and employment base supports consistent demand for convenience-oriented services and specialty retail. Investment Highlights Please contact Matt Miller or Logan Gurtman for additional financials: Matt Miller Cell: 908-770-0686 Email: matt@legacyrealtynj.com Logan Gurtman Cell: 908-692-9890 Email: logan@legacyrealtynj.com

FOR SALE DETAILS

PRICE

$3,380,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

HC

APN/PARCEL ID

07-02201-0000-00021

ASK ABOUT THIS PROPERTY

Matt MillerLegacy Commercial Realty, LLCMore Info
908-770-0686

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Matt MillerLegacy Commercial Realty, LLCMore Info
908-770-0686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.