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Shopping Strip

West Park Plaza

279 Browertown Rd, Woodland Park, NJ 07424

Listing Price: $2,615,000

Cap Rate
6.75%
Rentable SF
11,561
Lot Size
0.90 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale West Park Plaza, an 11,568 square-foot retail center located in Woodland Park, New Jersey. It is shadowed by Kohls and other national retailers in the Route 46 commercial corridor. The center is 100 occupied with several tenants there for over 30 years. First floor tenants include Tri Town Pharmacy, P J Rufo Italian restaurant with liquor license and party facility; a Middle Eastern Restaurant, Nail Salon, and Cleaners. Second floor includes Physical Therapy Center, Attorney & Title company, Dentist, and Legal Assistant. Major recent capital improvements include a 30 year Carlisle roof, new parking lot, and new facade. The building is well constructed with poured concrete floors, Electronic systems manage lights and locks. This strategic location has access to multiple major highways: I-80, Route 46, Garden State Pkwy, I-28-, and I-287. West Park Plaza offers an investor the opportunity to acquire a well positioned asset with substantial stability, long term tenants, and upside through annual rent increases at an attractive cap rate.

Investment Highlights

  • 100% Occupied, internet proof tenants
  • Prime North Jersey Location, Route 46 corridor
  • Shadowed by Kohls and other national retailers
  • Dense Population: 150,000 within one mile
  • Well built: poured concrete & steel construction, recent capital improvements
  • Turn Key, electronic systems

Exclusively Listed By

Financing By

Listing Price: $2,615,000

Cap Rate
6.75%
Rentable SF
11,561
Lot Size
0.90 acres
Year Built
1988

Investment Highlights

  • 100% Occupied, internet proof tenants
  • Prime North Jersey Location, Route 46 corridor
  • Shadowed by Kohls and other national retailers
  • Dense Population: 150,000 within one mile
  • Well built: poured concrete & steel construction, recent capital improvements
  • Turn Key, electronic systems

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale West Park Plaza, an 11,568 square-foot retail center located in Woodland Park, New Jersey. It is shadowed by Kohls and other national retailers in the Route 46 commercial corridor. The center is 100 occupied with several tenants there for over 30 years. First floor tenants include Tri Town Pharmacy, P J Rufo Italian restaurant with liquor license and party facility; a Middle Eastern Restaurant, Nail Salon, and Cleaners. Second floor includes Physical Therapy Center, Attorney & Title company, Dentist, and Legal Assistant. Major recent capital improvements include a 30 year Carlisle roof, new parking lot, and new facade. The building is well constructed with poured concrete floors, Electronic systems manage lights and locks. This strategic location has access to multiple major highways: I-80, Route 46, Garden State Pkwy, I-28-, and I-287. West Park Plaza offers an investor the opportunity to acquire a well positioned asset with substantial stability, long term tenants, and upside through annual rent increases at an attractive cap rate.

Exclusively Listed By

Financing By

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