687 US 1 - Storefront FOR SALE
Edison, NJ 08817 |
$7,847,000 USD
310-919-5839
687 US 1
Edison, NJ 08817
HIGHLIGHTS
- 100% leased strip center anchored by CityMD with long-term NNN leases and scheduled rent increases.
- Prime location along US-1 with exposure to over 81,400 vehicles per day and excellent visibility.
- Weighted average lease term of ±9.2 years with all tenants on 10-year initial terms and renewal options.
- Dense and affluent demographics with 294,000+ residents and $119,000+ average household income within 5 miles.
- Diverse tenant mix including medical and retail, with established multi-unit operators and strong regional brands.
- Surrounded by major national retailers and automotive dealerships in a dominant New Jersey retail corridor.
FOR SALE DETAILS
PRICE
$7,847,000 USD
PRICE/SF
$929 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CityMD Anchored Strip Center | NNN Leases
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Fast Food, Restaurant, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
GBH
APN/PARCEL ID
05-00172-0000-00001-01
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310-919-5839
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310-919-5839
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