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Available For Sale - Retail

7,650 SF | Show Pricing $

Retail Space in West Milford for sale

AVAILABILITY DETAILS

Size
7,650 SF
Price/SF
Show Pricing $
Listing ID
SA379139
Notes
KW Commercial is pleased to present West Milford Square, a 7,650+/- square foot retail strip center resting on 1.49 acres in West Milford, Passaic County, New Jersey. Constructed in 2002, the property is 100% occupied by three tenants.



The tenant mix represents a variety of "internet-proof" businesses and the property has a high historical occupancy with an average tenure over 12 years. There are two national tenants, H&R Block and Re/Max, while the third tenant, a former Radio Shack and now computer store, has operated in West Milford since 1976. Two leases are currently below market rent creating upside for a new owner.



Within the past two years, retailers such as TJ Maxx and McDonald's entered this market while ShopRite invested in improving their West Milford store. With limited competition in this trade area, demand from tenants in the market should continue to expand and investors seeking a value add opportunity should consider adding West Milford Square to their portfolio.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Steve Mariani, East Monmouth