651-657 US Highway 22 E - Freestanding FOR SALE
White House Station, NJ 08889 |
973-292-4624
651-657 US Highway 22 E
White House Station, NJ 08889
HIGHLIGHTS
- Subject is an 11,800-square-foot retail strip center fully occupied by six commercial tenants with rental increases and one residential tenant.
- Direct frontage along Route 22 boasts a daily traffic count of more than 26,000 vehicles and enables multiple ingress/ egress points.
- Stable tenant mix evidenced by the average tenant tenure of more than seven years, and value-add window via lease rate momentum.
- In-place net operating income surpasses $180,800, and nearly all commercial tenants have guaranteed increases in the current leasing structure.
- Interstates 78 and 287, Newark Liberty International Airport, and the New York City metro are all reachable within an hour’s drive or less.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
100% Leased Cash-Flowing Retail + Residential
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
42
LAND DETAILS
LAND ACRES
1.15 AC
LAND SF
50,094 SF
ZONING
PO
APN/PARCEL ID
22-00036-0000-00059
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973-292-4624
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973-292-4624
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