The Marketplace at 3885 Route 27 - Prime Retail Center for Sale
Welcome to the Marketplace at 3885 Route 27, a premier retail center located in the vibrant Princeton area of Franklin Township, New Jersey. This exceptional asset features a total of 54,961 square feet spread across two buildings. The main building boasts over 40,000 square feet, complemented by a state-of-the-art freestanding pad site of 14,712 square feet.
Key Features:
Comprehensive Renovations: The property has undergone extensive renovations over the past two years, including a new roof, new HVAC units, an updated fire alarm and sprinkler system, and a newly resurfaced parking lot.
Occupancy: Currently over 60% leased with all new, strategically laddered leases.
Anchor Tenant: A prominent 20,000 square foot supermarket anchors the center, providing a steady stream of foot traffic.
Diverse Tenancy: Additional tenants include an 8,000 square foot Mediterranean restaurant, 30 Minute Hit Fitness, Fast Signs, and new names to be released shortly!
Turnkey Availability: Remaining spaces are subdivided into vanilla boxes, ready for tenant occupancy.
Investment Highlights:
Income Potential: The center offers significant upside for buyers seeking strong income in a growing market.
Owner-Occupancy Opportunity: The front building is available for buyers looking to occupy part of the center while enjoying passive income from the remaining leased spaces.
Enhancements:
Accessibility and Visibility: Major upgrades are underway to enhance the center’s visibility and accessibility, ensuring a welcoming environment for both customers and employees.
Parking: Ample parking is available, with a large lot in the front and additional employee parking in the rear.
This is a rare opportunity to acquire a fully renovated and strategically positioned retail center in one of New Jersey’s most desirable locations.
Don't miss your chance to invest in the Marketplace at 3885 Route 27.