389 Dover Chester Rd - Storefront Retail/Office FOR SALE


Randolph, NJ 07869
$2,250,000 USD
973-941-2130
389 Dover Chester Rd, Randolph, NJ for Sale
$2,250,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 6.7% Cap Rate

389 Dover Chester Rd
Randolph, NJ 07869


HIGHLIGHTS

  • 100% Occupied
  • 60+ parking spaces
  • USPS anchored

OVERVIEW

We are pleased to present an exceptional opportunity to acquire a fully stabilized, income-producing retail asset located in one of the most affluent and sought-after areas in the region. This strip mall consists of 8 fully leased units, offering immediate and reliable cash flow backed by a strong tenant base and long-term lease agreements. The center is strategically anchored by the United States Postal Service (USPS), a nationally recognized, credit-rated tenant that generates consistent daily foot traffic and serves as a major driver of visibility and consumer activity for the property. In addition to USPS, the property is home to a diverse mix of well-established local and regional tenants, each contributing to the location’s strong identity and long-standing community presence. Positioned along a highly trafficked retail corridor, the property benefits from excellent frontage, visibility, and access, as well as a robust consumer demographic with high household incomes and strong retail demand. Ample on-site parking, with 64 dedicated spaces, further enhances customer convenience and tenant appeal. Investment Highlights 100% Occupied | 8 Units Fully stabilized asset with no current vacancies, providing dependable in-place income from day one. National Anchor Tenant – USPS Strong credit anchor with long-term lease in place, offering security and consistent consumer traffic. Diverse & Eclectic Tenant Mix A carefully curated selection of service-based and retail tenants with long-term leases, many of whom have been operating at this location for several years. Affluent Trade Area Located in a high-income neighborhood with strong retail fundamentals, including high consumer spending and low vacancy rates. Ample On-Site Parking 64 surface parking spaces ensure ease of access for customers and support healthy tenant operations. Low Management Requirements The stability of the tenant mix, long-term leases, and minimal capital improvement needs make this an ideal passive investment for both local and out-of-state buyers. Location Highlights The property sits within an economically vibrant and demographically attractive market. Surrounded by national retailers, upscale residential communities, and well-performing schools, the area continues to show strong population growth and retail performance metrics. The affluent customer base provides a reliable foundation for ongoing tenant success and long-term asset appreciation.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

B-1

APN/PARCEL ID

32-00035-0000-00004

ASK ABOUT THIS PROPERTY

Fred PapassoCentury 21 ChristelMore Info
973-941-2130

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Fred PapassoCentury 21 ChristelMore Info
973-941-2130

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