712 N State Rt 17 - Freestanding FOR SALE


Paramus, NJ 07652
$5,455,000 USD
415-690-5522
712 N State Rt 17, Paramus, NJ for Sale
$5,455,000 USD
Freestanding - FOR SALE
1/12
null | 5.5% Cap Rate

712 N State Rt 17
Paramus, NJ 07652


HIGHLIGHTS

  • LensCrafters’ net lease covers taxes, insurance, and most property expenses, minimizing landlord responsibilities.
  • 10-Year Lease Term: Includes a 10-year initial lease and a 5-year renewal option, offering steady, long-term incom
  • Corporate Lease Guarantee: The lease is corporately guaranteed by Luxottica of America, Inc., which is owned by EssilorLuxottica
  • EssilorLuxottica demonstrates solid profitability and a diverse portfolio, with LensCrafters serving as one of its flagship brands in North America.

OVERVIEW

Paramus, New Jersey, located in Bergen County just a few miles from New York City, is one of the highest-grossing retail markets in the United States. Its strategic location near major highways such as the Garden State Parkway and Route 17 ensures accessibility for millions of residents and visitors from both New Jersey and New York. These thoroughfares generate high daily traffic, making Paramus a prime destination for shopping. Despite Bergen County’s blue laws, which require most retailers to close on Sundays, Paramus consistently ranks among the top retail markets in the country. Retailers adapt by concentrating business on Fridays and Saturdays, resulting in some of the highest retail sales per square foot nationally. The city’s retail landscape is anchored by four major shopping centers: Westfield Garden State Plaza, Bergen Town Center, Paramus Park Mall, and The Shops at Riverside. Together, they offer a diverse mix of retail—from luxury boutiques to value-oriented outlets—catering to a broad range of consumers. Paramus benefits from its proximity to affluent suburban communities with high median household incomes. This strong demographic base drives elevated spending across categories such as fashion, electronics, home furnishings, and luxury goods. Bergen County consistently ranks among the highest in disposable income in the state. Retailers in Paramus remain competitive by embracing innovation, integrating dining, entertainment, and curated experiences to attract and retain shoppers. As a result, the market achieves exceptionally high sales per square foot, particularly at premier destinations like Westfield Garden State Plaza.

FOR SALE DETAILS

PRICE

$5,455,000 USD

PRICE/SF

$871 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LensCrafters

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,515 SF

ZONING

HCC

APN/PARCEL ID

46-06101-0000-00001

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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