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Shopping Strip

Value-Add Retail & Industrial Center - 1600 N. Olden Ave, Ewing

1600 N Olden Ave, Ewing Township, NJ 08638

Listing Price: $9,590,000

Cap Rate
6.21%
Gross SF
96,079
Rentable SF
96,079
Price/Gross SF
$99.81
Lot Size
13.01 acres
Year Built
1955

Investment Overview

Marcus & Millichap has been hired exclusively to market the sale of the Value-Add Retail & Industrial Center - 1600 N. Olden, Ewing, Mercer County, NJ.

Investment Highlights

  • With over 35 years of combined tenancy, Dollar General & Dunkin, are a staple of convenience at the Property as well as customer highly trafficked Olden Avenue with over 25,000 vehicles per day.
  • Many of the tenants are paying below market rents ranging from $1.39-$5.10 / square foot.
  • Rare mix of retail (37,567 SF / 39%) and industrial (58,512 SF / 61%) tenancy provides ownership with maximum exposure to different tenant verticals with symbiotic relationships of retail & industrial
  • In 2019, a new TPO roof was placed over t e warehouse portion only which drastically reduces ownerships exposure to future capital improvements.

Exclusively Listed By

Shopping Strip

Value-Add Retail & Industrial Center - 1600 N. Olden Ave, Ewing

Listing Price: $9,590,000

Cap Rate
6.21%
Gross SF
96,079
Rentable SF
96,079
Price/Gross SF
$99.81
Lot Size
13.01 acres
Year Built
1955

Investment Highlights

  • With over 35 years of combined tenancy, Dollar General & Dunkin, are a staple of convenience at the Property as well as customer highly trafficked Olden Avenue with over 25,000 vehicles per day.
  • Many of the tenants are paying below market rents ranging from $1.39-$5.10 / square foot.
  • Rare mix of retail (37,567 SF / 39%) and industrial (58,512 SF / 61%) tenancy provides ownership with maximum exposure to different tenant verticals with symbiotic relationships of retail & industrial
  • In 2019, a new TPO roof was placed over t e warehouse portion only which drastically reduces ownerships exposure to future capital improvements.

Investment Overview

Marcus & Millichap has been hired exclusively to market the sale of the Value-Add Retail & Industrial Center - 1600 N. Olden, Ewing, Mercer County, NJ.

Exclusively Listed By

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