490 Chamberlain Ave - Freestanding FOR SALE


Paterson, NJ 07522
$10,000,000 USD
201-400-5344
490 Chamberlain Ave, Paterson, NJ for Sale
$10,000,000 USD
Freestanding - FOR SALE
1/6
null | 5% Cap Rate

490 Chamberlain Ave
Paterson, NJ 07522


HIGHLIGHTS

  • 100% Occupied Retail Center • Strong Credit & Essential Service Tenancy • Long-Term Lease Stability • Built-In Rent Increases
  • Medical, Banking, Food Service & Necessity Retail • Highly Defensive “Amazon and Pandemic Proof” Asset • Recession Resistant & Pandemic Resilient

OVERVIEW

466-490 Chamberlain Avenue | Paterson, NJ Institutional-Quality Retail Investment Opportunity RE/MAX Commercial is proud to present 466-490 Chamberlain Avenue, a rare opportunity to acquire a 100% occupied, income-producing neighborhood retail center anchored by a powerful mix of national and regional tenants including: DaVita Dialysis, Valley National Bank, Dunkin’ Drive-Thru, and Family Dollar. Positioned in the heart of Paterson, this approximately 27,076 SF retail center offers investors immediate stable cash flow with a highly diversified tenant roster spanning healthcare, banking, food service, and necessity retail—creating a uniquely resilient investment profile. This asset stands out as both Amazon Proof and Pandemic Proof due to its essential service-based tenancy. The center is anchored by DaVita Dialysis, a mission-critical medical operator with significant infrastructure investment and high renewal probability, alongside Valley National Bank, a long-established financial institution with a recently extended lease through 2031. Dunkin’, operating under a long-term 20-year lease with drive-thru service, provides daily high-volume traffic, while Family Dollar serves as a neighborhood necessity retailer offering consistent consumer demand. The lease structures are designed to provide strong expense recoveries, enhancing operational efficiency and reducing landlord exposure. This is a true defensive retail asset built to withstand e-commerce disruption and economic volatility, backed by long-term leases, strong tenant credit, and daily consumer dependency. This offering presents an ideal opportunity for 1031 exchange buyers, private investors, family offices, and net lease investors seeking stable income, long-term security, and durable tenant demand in a proven urban retail corridor.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

107,914 SF

ZONING

B-2

APN/PARCEL ID

08-01006-0000-00003,08-01006-0000-00004

ASK ABOUT THIS PROPERTY

Patrick VarelasRE/MAX SELECTMore Info
201-400-5344

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Patrick VarelasRE/MAX SELECTMore Info
201-400-5344

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