Investment Overview

Register to bid and access due diligence documents on Ten-X: $500,000 OPEN HOUSE: Thursday, August 13th from 11:00 AM - 1:00 PM. Please contact the listing brokers for more information. Califon Shopping Center at 431 County Road 513 presents the opportunity to acquire a 32,000-square-foot neighborhood shopping center situated on 3.99 acres in affluent Hunterdon County, New Jersey. Positioned within the highly desirable Route 78 West retail corridor, the asset offers investors a compelling value-add opportunity through the upcoming vacancy of its anchor space while benefiting from strong underlying market fundamentals and limited competitive supply. Currently anchored by Aquí Supermarket, the center offers significant upside upon the tenant's lease expiration in 2027. The forthcoming anchor vacancy creates a rare opportunity for an owner/user acquisition, strategic redevelopment, or re-tenanting initiative within a market where quality retail space is scarce. In addition, it also features a 4,000-square-foot end cap suite with drive-thru access, making for an exceptional opportunity to attract a national or regional tenant in the financial services, quick-service restaurants, medical, convenience, or service sectors. Supported by flexible B-1 zoning, Califon Shopping Center can accommodate a broad range of users, providing investors with multiple pathways to unlock value and enhance cash flow. Califon Shopping Center is strategically located within an established community retail node alongside national and regional operators, including Walgreens, Dunkin', Mavis Tires & Brakes, and other complementary retailers that drive consistent consumer traffic. The center benefits from excellent visibility and accessibility along County Road 513, with convenient connections to Interstate 78, and Routes 22, 57, and 206, providing strong regional connectivity throughout Hunterdon County and the surrounding trade area. Califon Shopping Center draws from an exceptionally affluent customer base, with household incomes exceeding $184,000 within a 5-mile radius. Combined with the market's high barriers to entry and limited new retail development, the asset is positioned within a supply-constrained environment that supports tenant demand and long-term value creation. The expansive site includes approximately 190 parking spaces, offering a robust 5.93 parking spaces per 1,000 square feet, and supporting a variety of future tenancy configurations. For investors seeking a well-located retail asset with near-term leasing upside, owner/user optionality, and exposure to one of New Jersey's most affluent suburban markets, Califon Shopping Center represents a differentiated acquisition opportunity.