Marcus & Millichap

Michael Lombardi

Overview

Mike Lombardi specializes in the sale of shopping centers and single tenant net leased properties on a local, regional and national basis. Mike has represented and closed transactions for all types of clients including private investors, developers and REITs.  Since joining Marcus & Millichap in 2005 as an intern, Mike has earned a Rookie of the Year Award, Pacesetter Award, Sales Recognition Awards and National Achievement Awards during his tenure with the firm. In addition, Mike was promoted to Senior Associate in March of 2009, in 2011, Mike was promoted to Director of the Net Lease Property Group and Vice President of Investments in 2014.  Mike has mentored many junior agents in the New Jersey office and now directs the Lombardi Group.  Mike's track record includes successfully closing 137 transactions totaling $491,000,000 of retail properties in 19 states and Puerto Rico. Mike is also a member of Marcus & Millichap's Special Assets Services Division and a member of International Council of Shopping Centers as well as a licensed broker/salesperson in the state of New Jersey.  Mike was the number one agent in Marcus & Millichap's NJ office in 2013, 2014 & 2015.           

New Jersey
Michael Lombardi

Michael Lombardi

Vice President Investments
Tel: (201) 742-6125
Fax: (201) 742-6110

License:  NJ  0569706

International Council of Shopping Centers

Associate Member - Special Asset Services Group
Director - Net Leased Properties Group
Director - National Retail Group

Promoted to Associate in January, 2007
Promoted to Senior Associate in March, 2009
Promoted to Associate Vice President Investments in September, 2013
Promoted to Vice President Investments in July, 2014
Panelist/Speaker:

Appraisers Institute – Overview of Single Tenant Net Lease Market – October 2010

Real Share NJ – Property Sectors in Focus - May 2014

Mid Atlantic RE Journal – Retail Update: Opportunities and Trends – July 2015

The NJ Net Lease Summit – NJ Net Lease Outlook & Analysis – November 2015

Ramapo College, BS Management/Business

National Achievement Award - 2015, 2014, 2013
Sales Recognition Award - 2015, 2014, 2013, 2007

Listed Properties

Transactions Closed

  • Inman Shopping Plaza

    Inman Shopping Plaza

    Shopping Strip

    Colonia, NJ
    Price: $9,950,000
    Size: 33,480 sqft
    Cap Rate: 6.29%

  • Dunkin Donuts & 2 Family House

    Dunkin Donuts & 2 Family House

    Shopping Strip

    North Plainfield, NJ
    Price: $1,450,000
    Size: 3,900 sqft
    Cap Rate: 5.90%

  • CVS Hackensack, NJ

    CVS Hackensack, NJ

    Net Leased Drug Store

    Hackensack, NJ
    Price: $3,725,000
    Size: 10,000 sqft
    Cap Rate: 5.93%

  • Cherry Tree Crossing

    Cherry Tree Crossing

    Shopping Strip

    Sewell, NJ
    Price: $2,835,000
    Size: 36,560 sqft
    Cap Rate: 7.73%

  • Cranford Square

    Cranford Square

    Shopping Strip

    Cranford, NJ
    Price: $7,500,000
    Size: 34,573 sqft
    Cap Rate: 6.78%

  • Retail, Office, Apartments

    Retail, Office, Apartments

    Shopping Strip

    Berkeley Heights, NJ
    Price: $970,000
    Size: 6,400 sqft
    Cap Rate: 6.79%

  • CVS/pharmacy

    CVS/pharmacy

    Net Leased Drug Store

    Vernon, NJ
    Price: $9,750,000
    Size: 13,225 sqft
    Cap Rate: 5.05%

  • KFC Ground Lease

    KFC Ground Lease

    Net Leased Restaurant

    East Orange, NJ
    Price: $970,000
    Size: 2,400 sqft
    Cap Rate: 5.82%

  • Branchburg Plaza

    Branchburg Plaza

    Shopping Strip

    Branchburg, NJ
    Price: $1,900,000
    Size: 8,250 sqft
    Cap Rate: 7.62%

  • Dunkin Donuts Strip Center

    Dunkin Donuts Strip Center

    Shopping Strip

    Watchung, NJ
    Price: $2,166,000
    Size: 5,640 sqft
    Cap Rate: 6.00%

  • Quick Stop

    Quick Stop

    Net Leased No Tenant Specified

    Union, NJ
    Price: $855,000
    Size: 3,500 sqft
    Cap Rate: 8.29%

  • Harbor Freight Center

    Harbor Freight Center

    Shopping Strip

    Clifton, NJ
    Price: $5,800,000
    Size: 35,000 sqft
    Cap Rate: 6.21%

  • Jared Galleria of Jewelry Ground Lease

    Jared Galleria of Jewelry Ground Lease

    Net Leased Miscellaneous

    Watchung, NJ
    Price: $2,872,413
    Size: 6,000 sqft
    Cap Rate: 5.74%

  • Port Colden Mall

    Port Colden Mall

    Shopping Strip

    Washington, NJ
    Price: $1,080,000
    Size: 28,785 sqft
    Cap Rate: 13.70%

  • Retail /Apartments Roosevelt Avenue

    Retail /Apartments Roosevelt Avenue

    Shopping Strip

    Carteret, NJ
    Price: $1,850,000
    Size: 10,808 sqft
    Cap Rate: 7.13%

  • Whiting Town Center

    Whiting Town Center

    Shopping Strip

    Whiting, NJ
    Price: $11,500,000
    Size: 113,377 sqft
    Cap Rate: 8.90%

  • Carsmetics

    Carsmetics

    Net Leased Auto Parts

    Brick, NJ
    Price: $1,500,000
    Size: 7,500 sqft
    Cap Rate: 8.00%

  • New Village Plaza (Dunkin Donuts)

    New Village Plaza (Dunkin Donuts)

    Shopping Strip

    Stewartsville, NJ
    Price: $1,450,000
    Size: 5,860 sqft
    Cap Rate: 7.21%

  • Dunkin Donuts, Bottle Depot, Blimpie

    Dunkin Donuts, Bottle Depot, Blimpie

    Shopping Strip

    Stirling, NJ
    Price: $4,400,000
    Size: 10,090 sqft
    Cap Rate: 7.10%

  • Verizon-Henderson, NC

    Verizon-Henderson, NC

    Net Leased Electronics

    Henderson, NC
    Price: $1,150,000
    Size: 4,661 sqft
    Cap Rate: 7.95%

  • CVS (Leasehold) Zero Cash Flow

    CVS (Leasehold) Zero Cash Flow

    Net Leased Drug Store

    Lakewood, NJ
    Price: $4,156,729
    Size: 14,838 sqft

  • Dunkin Donuts, Nails, Billiards

    Dunkin Donuts, Nails, Billiards

    Shopping Strip

    Edison, NJ
    Price: $2,425,000
    Size: 8,271 sqft
    Cap Rate: 6.25%

  • Retail/Office Eagle Rock Avenue

    Retail/Office Eagle Rock Avenue

    Shopping Strip

    West Orange, NJ
    Price: $2,700,000
    Size: 11,348 sqft
    Cap Rate: 7.13%

  • 226-247 Wanaque Avenue

    226-247 Wanaque Avenue

    Multifamily, Office & Retail

    Pompton Lakes, NJ
    Price: $6,050,000
    Size: 79,062 sqft
    Cap Rate: 10.03%

  • Sun National Bank (Ground Lease)

    Sun National Bank (Ground Lease)

    Net Leased Bank

    Holmdel, NJ
    Price: $1,225,000
    Size: 2,200 sqft
    Cap Rate: 4.86%

  • Office & Apartments

    Office & Apartments

    Multifamily & Office

    Succasunna, NJ
    Price: $1,250,000
    Size: 7,736 sqft
    Size: 04 units
    Cap Rate: 8.24%

  • Chase Bank Ground Lease

    Chase Bank Ground Lease

    Net Leased Bank

    Colts Neck, NJ
    Price: $2,688,000
    Size: 3,960 sqft
    Cap Rate: 5.00%

  • CHICK-FIL-A (GROUND LEASE)

    CHICK-FIL-A (GROUND LEASE)

    Single-Tenant Vacant/User

    Phillipsburg, NJ
    Price: $1,600,000
    Size: 43,560 sqft
    Cap Rate: 5.00%

  • 1st Colonial Community Bank

    1st Colonial Community Bank

    Net Leased Bank

    Collingswood, NJ
    Price: $948,905
    Size: 3,750 sqft
    Cap Rate: 6.85%

  • IHOP

    IHOP

    Net Leased Restaurant

    Plymouth, MA
    Price: $1,983,213
    Size: 6,181 sqft
    Cap Rate: 6.05%

  • 13-15 N Union Avenue

    13-15 N Union Avenue

    Multifamily & Retail

    Cranford, NJ
    Price: $2,258,800
    Size: 6,000 sqft
    Size: 06 units
    Cap Rate: 7.31%

  • Grove Street Strip Center

    Grove Street Strip Center

    Shopping Strip

    Bloomfield, NJ
    Price: $1,125,000
    Size: 4,766 sqft
    Cap Rate: 7.68%

  • Ground Lease Office/Retail

    Ground Lease Office/Retail

    Urban-High Street Net Leased

    Fort Lee, NJ
    Price: $990,000
    Size: 6,000 sqft
    Cap Rate: 3.87%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    North Bend, OR
    Price: $5,465,000
    Size: 14,360 sqft
    Cap Rate: 5.59%

  • Walgreens - Mount Washington, OH

    Walgreens - Mount Washington, OH

    Net Leased Drug Store

    Cincinnati, OH
    Price: $4,957,000
    Size: 14,560 sqft
    Cap Rate: 5.75%

  • 4324 Route 130

    4324 Route 130

    Shopping Strip

    Willingboro, NJ
    Price: $600,000
    Size: 4,000 sqft
    Cap Rate: 9.01%

  • Old Tappan Ground Lease

    Old Tappan Ground Lease

    Net Leased Miscellaneous

    Old Tappan, NJ
    Price: $3,125,000
    Size: 16,000 sqft
    Cap Rate: 6.14%

  • Park 80 East Ground Lease

    Park 80 East Ground Lease

    Single-Tenant Office

    Saddle Brook, NJ
    Price: $5,567,183
    Size: 75,000 sqft
    Cap Rate: 6.00%

  • Dollar General

    Dollar General

    Net Leased Discount

    Vineland, NJ
    Price: $860,000
    Size: 9,100 sqft
    Cap Rate: 7.98%

  • Walgreens - Lancaster, OH

    Walgreens - Lancaster, OH

    Net Leased Drug Store

    Lancaster, OH
    Price: $5,641,025
    Size: 13,650 sqft
    Cap Rate: 5.85%

  • Union Plaza

    Union Plaza

    Shopping Strip

    Barnegat, NJ
    Price: $1,100,000
    Size: 9,900 sqft
    Cap Rate: 7.79%

  • Warren Plaza

    Warren Plaza

    Shopping Strip

    Spring Lake Heights, NJ
    Price: $3,050,000
    Size: 12,000 sqft
    Cap Rate: 7.86%

  • Friendly's

    Friendly's

    Net Leased Restaurant

    Morris Plains, NJ
    Price: $1,230,600
    Size: 2,428 sqft
    Cap Rate: 6.00%

  • McDonald's

    McDonald's

    Net Leased Restaurant

    Bronx, NY
    Price: $900,000
    Size: 2,950 sqft
    Cap Rate: 5.14%

  • CVS

    CVS

    Net Leased Drug Store

    Millville, NJ
    Price: $1,752,500
    Size: 16,893 sqft
    Cap Rate: 7.29%

  • Burger King

    Burger King

    Net Leased Restaurant

    Cedar Grove, NJ
    Price: $1,300,000
    Size: 2,307 sqft
    Cap Rate: 6.00%

  • 1231 McBride Ave

    1231 McBride Ave

    Shopping Strip

    Woodland Park, NJ
    Price: $2,125,000
    Size: 7,872 sqft
    Cap Rate: 6.72%

  • 7-Eleven and Retailer Ground Lease

    7-Eleven and Retailer Ground Lease

    Net Leased No Tenant Specified

    Wallington, NJ
    Price: $737,500
    Size: 4,000 sqft
    Cap Rate: 5.50%

  • Radio Shack

    Radio Shack

    Net Leased Electronics

    Brick, NJ
    Price: $650,000
    Size: 4,202 sqft
    Cap Rate: 14.77%

  • Bearfort Shopping Village

    Bearfort Shopping Village

    Shopping Neighborhood

    West Milford, NJ
    Price: $4,075,000
    Size: 34,438 sqft
    Cap Rate: 8.52%

  • United States Post Office

    United States Post Office

    Net Leased Government

    Roselle Park, NJ
    Price: $390,000
    Size: 3,090 sqft
    Cap Rate: 15.00%

  • Governor Haines Square

    Governor Haines Square

    Shopping Strip

    Hamburg, NJ
    Price: $2,075,000
    Size: 28,971 sqft

  • Buffalo Wild Wings / Cross Keys Urgent Care

    Buffalo Wild Wings / Cross Keys Urgent Care

    Shopping Strip

    Sicklerville, NJ
    Price: $3,750,000
    Size: 9,908 sqft

  • Us Post Office And Real Estate Office

    Us Post Office And Real Estate Office

    Urban-High Street Retail

    Normandy Beach, NJ
    Price: $775,000
    Size: 3,401 sqft
    Cap Rate: 10.28%

  • Family Dollar & Mosaic Spa

    Family Dollar & Mosaic Spa

    Shopping Strip

    Avenel, NJ
    Price: $2,900,000
    Size: 13,082 sqft
    Cap Rate: 7.32%

  • United States Post Office

    United States Post Office

    Net Leased Government

    Florence, NJ
    Price: $285,000
    Size: 2,012 sqft
    Cap Rate: 14.52%

  • CVS-High Store Sales

    CVS-High Store Sales

    Net Leased Drug Store

    Indialantic, FL
    Price: $5,075,000
    Size: 15,525 sqft
    Cap Rate: 6.58%

  • McDonald's

    McDonald's

    Net Leased Restaurant

    Elizabeth, NJ
    Price: $1,600,000
    Size: 3,500 sqft
    Cap Rate: 4.37%

  • STS TIRE & AUTO CENTER [GL]

    STS TIRE & AUTO CENTER [GL]

    Net Leased Auto Parts

    Mount Pocono, PA
    Price: $730,000
    Size: 32,670 sqft
    Cap Rate: 6.85%

  • Dunkin Donuts & US Post Office

    Dunkin Donuts & US Post Office

    Shopping Strip

    Hopatcong, NJ
    Price: $1,850,000
    Size: 7,100 sqft
    Cap Rate: 7.90%

  • TRACTOR SUPPLY CO.

    TRACTOR SUPPLY CO.

    Net Leased Dry Good

    Mount Pocono, PA
    Price: $5,645,000
    Size: 24,727 sqft
    Cap Rate: 7.09%

  • Oak Leaf Village Apartments

    Oak Leaf Village Apartments

    Multifamily

    North Brunswick, NJ
    Size: 140,076 sqft
    Size: 184 units

  • Carlstadt Gardens

    Carlstadt Gardens

    Shopping Strip

    Carlstadt, NJ
    Price: $5,400,000
    Size: 16,844 sqft
    Cap Rate: 7.14%

  • United States Post Office

    United States Post Office

    Net Leased Government

    Egg Harbor City, NJ
    Price: $330,925
    Size: 4,125 sqft
    Cap Rate: 13.54%

  • AutoZone

    AutoZone

    Net Leased Auto Parts

    Edgewater Park, NJ
    Price: $2,650,000
    Size: 7,360 sqft
    Cap Rate: 6.43%

  • Reading Ridge Center

    Reading Ridge Center

    Shopping Strip

    Flemington, NJ
    Price: $2,200,000
    Size: 22,424 sqft

  • CVS/Pharmacy

    CVS/Pharmacy

    Net Leased Drug Store

    Lebanon, PA
    Price: $5,946,000
    Size: 13,225 sqft
    Cap Rate: 6.45%

  • Sleepy's

    Sleepy's

    Net Leased Miscellaneous

    Woodbridge, NJ
    Price: $3,410,000
    Size: 8,800 sqft
    Cap Rate: 9.16%

  • Wendy's Ground Lease

    Wendy's Ground Lease

    Net Leased Restaurant

    Forked River, NJ
    Price: $887,500
    Size: 2,910 sqft
    Cap Rate: 6.00%

  • United States Post Office

    United States Post Office

    Net Leased Government

    Helmetta, NJ
    Price: $247,533
    Size: 2,177 sqft
    Cap Rate: 17.38%

  • CVS (HIGH SALES)

    CVS (HIGH SALES)

    Net Leased Drug Store

    Bloomsburg, PA
    Price: $3,312,500
    Size: 10,125 sqft

  • Starbucks & Avenue Retail Property

    Starbucks & Avenue Retail Property

    Shopping Strip

    Woodbridge, NJ
    Price: $3,350,000
    Size: 7,875 sqft
    Cap Rate: 7.70%

  • Peter Conte Salon/Spa & Apartments

    Peter Conte Salon/Spa & Apartments

    Multifamily & Retail

    Matawan, NJ
    Price: $945,000
    Size: 7,200 sqft
    Size: 05 units
    Cap Rate: 8.75%

  • Stop & Shop

    Stop & Shop

    Net Leased Grocery Store

    Teaneck, NJ
    Price: $10,250,000
    Size: 42,047 sqft
    Cap Rate: 8.00%

  • The Goddard School

    The Goddard School

    Net Leased Child Care

    Zionsville, IN
    Price: $1,686,667
    Size: 8,100 sqft
    Cap Rate: 10.35%

  • The Provident Bank Building

    The Provident Bank Building

    Office & Retail

    New Providence, NJ
    Price: $1,825,000
    Size: 7,210 sqft
    Cap Rate: 7.10%

  • Berkeley Heights Plaza

    Berkeley Heights Plaza

    Shopping Strip

    Berkeley Heights, NJ
    Price: $1,450,000
    Size: 5,734 sqft
    Cap Rate: 7.42%

  • Lakeland Bank

    Lakeland Bank

    Retail, Office & Other User

    North Haledon, NJ
    Price: $1,650,000
    Size: 4,804 sqft
    Cap Rate: 7.51%

  • Laundromax

    Laundromax

    Net Leased Miscellaneous

    Dalton, GA
    Price: $765,000
    Size: 6,000 sqft

  • KFC & Jewelry Store/Upside

    KFC & Jewelry Store/Upside

    Urban-High Street Retail

    Bayonne, NJ
    Price: $624,000
    Size: 6,546 sqft
    Cap Rate: 9.47%

  • Kiddie Academy

    Kiddie Academy

    Net Leased Child Care

    Delran, NJ
    Price: $2,800,000
    Size: 10,440 sqft
    Cap Rate: 9.16%

  • Nora Shopping Center

    Nora Shopping Center

    Shopping Strip

    Somerset, NJ
    Price: $3,700,000
    Size: 23,164 sqft
    Cap Rate: 8.01%

  • 542 Route 9

    542 Route 9

    Shopping Strip

    Waretown, NJ
    Price: $680,000
    Size: 7,500 sqft
    Cap Rate: 8.03%

  • Widewaters Commons

    Widewaters Commons

    Shopping Community

    Waynesburg, PA
    Price: $4,543,805
    Size: 77,632 sqft
    Cap Rate: 9.81%

  • Dollar General

    Dollar General

    Net Leased Discount

    Carbondale, KS
    Price: $837,500
    Size: 9,014 sqft
    Cap Rate: 9.02%

  • Tuckerton Commons

    Tuckerton Commons

    Shopping Strip

    Little Egg Harbor, NJ
    Price: $2,160,000
    Size: 9,168 sqft
    Cap Rate: 8.06%

  • Dollar General

    Dollar General

    Net Leased Discount

    Goodman, MO
    Price: $770,000
    Size: 9,014 sqft
    Cap Rate: 9.19%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Shelby Township, MI
    Price: $3,775,000
    Size: 11,180 sqft
    Cap Rate: 7.91%

  • The Pavilion

    The Pavilion

    Shopping Strip

    Manahawkin, NJ
    Price: $1,125,000
    Size: 5,400 sqft
    Cap Rate: 7.89%

  • Eckerd

    Eckerd

    Net Leased Grocery Store

    McDonough, GA
    Price: $4,534,000
    Size: 13,824 sqft
    Cap Rate: 7.25%

  • Woodmont Business Center

    Woodmont Business Center

    Industrial Office Warehouse

    Sayreville, NJ
    Price: $3,250,000
    Cap Rate: 9.37%

  • Dunkin' Donuts/Baskin-Robbins Ground Lease

    Dunkin' Donuts/Baskin-Robbins Ground Lease

    Net Leased Restaurant

    Sanford, FL
    Price: $687,450
    Size: 2,256 sqft
    Cap Rate: 8.00%

  • Kentucky Fried Chicken

    Kentucky Fried Chicken

    Net Leased Restaurant

    Mays Landing, NJ
    Price: $1,395,000
    Size: 2,420 sqft
    Cap Rate: 8.18%

  • Bertucci's Ground Lease

    Bertucci's Ground Lease

    Net Leased Restaurant

    Sicklerville, NJ
    Price: $1,875,000
    Size: 6,359 sqft
    Cap Rate: 7.47%

  • North Grove Center

    North Grove Center

    Shopping Neighborhood

    Seffner, FL
    Price: $2,700,000
    Size: 70,040 sqft
    Cap Rate: 8.77%

  • Vitamin Shoppe

    Vitamin Shoppe

    Net Leased Drug Store

    Mansfield, OH
    Price: $1,550,000
    Size: 4,090 sqft

  • Walgreens - Norway, ME

    Walgreens - Norway, ME

    Net Leased Drug Store

    Norway, ME
    Price: $5,302,013
    Size: 14,700 sqft
    Cap Rate: 7.45%

  • The Atrium at Cornwall

    The Atrium at Cornwall

    Shopping Community

    East Brunswick, NJ
    Price: $2,900,000
    Size: 20,401 sqft
    Cap Rate: 8.90%

  • Chili's Ground Lease

    Chili's Ground Lease

    Net Leased Restaurant

    Millville, NJ
    Price: $2,075,000
    Size: 82,764 sqft
    Cap Rate: 6.51%

  • Orscheln Farm and Home

    Orscheln Farm and Home

    Net Leased Miscellaneous

    Coffeyville, KS
    Price: $1,048,000
    Size: 24,049 sqft
    Cap Rate: 7.71%

There are additional transactions closed, contact us for more.

In The News

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