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Mixed-Use

CHIPOTLE / Retail / Owner Occupant Opportunity

81 Rte 4, Paramus, NJ 07652

Listing Price: $6,300,000

Cap Rate
6.02%
Gross SF
8,595
Rentable SF
8,595
Price/Gross SF
$732.98
Lot Size
0.20 acres
Year Built
1971

Investment Overview

Subject Includes Three Retail Condos Totaling 8,595 Square Feet Along High Traffic Route 4, Paramus New Jersey, located on the First Floor of a Four-Story Mixed Use Office Building With Net Leases With Chipotle and America’s Best, Upside Opportunity With Vacant Third Condo, First Floor Space With 8,595 Square Feet Gross Leasable Average

Investment Highlights

  • Strategically Located in a High Traffic, High Density, Traffic Hub, within 3 Miles of Multiple Highways, Five Amazing Upscale Malls, Interstate 80, and a Robust 5-Mile Daytime Population of 510,000 Pe
  • Affluent New York City Metropolitan Area Community with an Average Household Income of Over $161K within One Mile of the Subject Asset, and a Daytime Population of Over 184K People within 5 Miles
  • Robust, Year-Round Foot Traffic Market | Subject Also Sees Considerable Traffic Counts Along Route 4 (136,191 VPD), New Jersey I-17 (141,271 VPD), and Nearby Garden State Parkway (158,029 VPD)
  • Subject is Located Less Than Three Miles (Five Minutes) From Paramus Park Shopping Mall, Westfield Garden State Plaza, and Bergen Town Center Mall With Over 375 National and Local Retailers Combined
  • Subject is Less Than 15 Miles From Manhattan New York Via Car, a 30 Minute Drive or Via Public Transportation, a 35 Minute Commute with a Metro Population of 18.8 Million | The City's Population Grew by 629,057 Residents (7.7%) Between 2010 and 2020
  • Approximately 18,303 Pre-K-12 Students Across 52 Public Schools within Three Miles of Subject (Source: PublicSchoolReview.com)
  • Nearby National Tenants Include Gucci, Zara, Burberry, Nordstrom Rack, Blaze Pizza, AT&T, Starbucks, Target, CVS, GameStop, Qdoba, Whole Foods, Old Navy, Burlington, IKEA, Gap, Nike, Sketchers, GUESS, T-Mobile, Adidas, Red Robin, Abercrombie & Fitch, Macy's, and Many More

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s) NJ: 2192359

    New Jersey

Mixed-Use

CHIPOTLE / Retail / Owner Occupant Opportunity

Listing Price: $6,300,000

Cap Rate
6.02%
Gross SF
8,595
Rentable SF
8,595
Price/Gross SF
$732.98
Lot Size
0.20 acres
Year Built
1971

Investment Highlights

  • Strategically Located in a High Traffic, High Density, Traffic Hub, within 3 Miles of Multiple Highways, Five Amazing Upscale Malls, Interstate 80, and a Robust 5-Mile Daytime Population of 510,000 Pe
  • Affluent New York City Metropolitan Area Community with an Average Household Income of Over $161K within One Mile of the Subject Asset, and a Daytime Population of Over 184K People within 5 Miles
  • Robust, Year-Round Foot Traffic Market | Subject Also Sees Considerable Traffic Counts Along Route 4 (136,191 VPD), New Jersey I-17 (141,271 VPD), and Nearby Garden State Parkway (158,029 VPD)
  • Subject is Located Less Than Three Miles (Five Minutes) From Paramus Park Shopping Mall, Westfield Garden State Plaza, and Bergen Town Center Mall With Over 375 National and Local Retailers Combined
  • Subject is Less Than 15 Miles From Manhattan New York Via Car, a 30 Minute Drive or Via Public Transportation, a 35 Minute Commute with a Metro Population of 18.8 Million | The City's Population Grew by 629,057 Residents (7.7%) Between 2010 and 2020
  • Approximately 18,303 Pre-K-12 Students Across 52 Public Schools within Three Miles of Subject (Source: PublicSchoolReview.com)
  • Nearby National Tenants Include Gucci, Zara, Burberry, Nordstrom Rack, Blaze Pizza, AT&T, Starbucks, Target, CVS, GameStop, Qdoba, Whole Foods, Old Navy, Burlington, IKEA, Gap, Nike, Sketchers, GUESS, T-Mobile, Adidas, Red Robin, Abercrombie & Fitch, Macy's, and Many More

Investment Overview

Subject Includes Three Retail Condos Totaling 8,595 Square Feet Along High Traffic Route 4, Paramus New Jersey, located on the First Floor of a Four-Story Mixed Use Office Building With Net Leases With Chipotle and America’s Best, Upside Opportunity With Vacant Third Condo, First Floor Space With 8,595 Square Feet Gross Leasable Average

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s): NJ: 2192359

    New Jersey

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