75 US Highway 22 - Freestanding FOR SALE


Springfield, NJ 07081
$14,900,000 USD
908-813-0987
75 US Highway 22, Springfield, NJ for Sale
$14,900,000 USD
Freestanding - FOR SALE
1/5
null | 7.01% Cap Rate

75 US Highway 22
Springfield, NJ 07081


HIGHLIGHTS

  • Exceptional Highway Frontage & Visibility
  • 1031 Exchange potential
  • Long Term Lease CORPORATE GUARANTEE

OVERVIEW

This High Visibility location is available NOW!! Located in the heart of SPRINGFIELD’s shopping district, this site is surrounded by Multiple National & Regional Retail Traffic Makers Featuring over 400 feet of high visibility frontage on Route 22. As part of a 3 building retail portfolio. Including SKY ZONE, KIDDIE ACADEMY, AND THE KRISPY KREME FOOD COURT PLAZA. PACKAGE PRICE $39.MIL AT 6.5% CAP RATE. EACH BUILDING CAN BE SOLD SEPARATELY..

FOR SALE DETAILS

PRICE

$14,900,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Highway Commercial

APN/PARCEL ID

17-03801-0000-00006

ASK ABOUT THIS PROPERTY

John PonczekJP RealtyMore Info
908-813-0987

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John PonczekJP RealtyMore Info
908-813-0987

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