Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2504/ Marcus & Millichap is pleased to offer for sale an 84.5% occupied, multi-tenant retail center anchored by Dollar Tree and Family Dollar located at 700 N 2nd Street in Millville, New Jersey (the "Property”). The offering represents an exceptional opportunity to acquire a neighborhood shopping center with recent leasing momentum and stable cash flow. The Property is improved with a single-story building totaling ±33,841 square feet and is strategically positioned on ±3.46 acres with 167 dedicated parking spaces, and multiple points of ingress/egress. The Property benefits from strong recent leasing momentum over the last three years where ownership has signed six new leases due to the strength of its location. National tenants nearby include Walmart, Lowe’s, Hobby Lobby, Target, Shoprite, Home Depot, Dicks, Advance Auto Parts, Rite Aid, and more. The Property is a stable, cash flowing asset with the value-add opportunity to lease out the remaining 5,246 square feet end cap space. Millville, located in Cumberland County in the southern part of the state, has a long-standing history as a regional hub for retail, manufacturing, and tourism. Strategically positioned along NJ Route 47 and Route 55, Millville offers excellent regional accessibility, drawing shoppers from nearby communities like Vineland, Bridgeton, and coastal tourist destinations along the Jersey Shore. Millville offers direct highway access to Philadelphia (45 miles north) and the Jersey Shore (30 miles east). The Route 47 corridor is Millville’s dominant retail spine, featuring a mix of national anchors and neighborhood shopping centers. The Property benefits from excellent visibility on Route 47 with traffic counts of 10,700 vehicles per day and is located in a highly trafficked retail corridor about one minute away from State Route 55 (Veterans Memorial Hwy). As of 2023, the Property’s demographics have ±46,173 individuals residing within a 5-mile radius, with an average household income of ±$84,442.