Skip to main content

Shopping Strip

Ledgewood Center

1451 US-46, Roxbury Township, NJ 07852

Listing Price: $1,400,000

Cap Rate
6.67%
Gross SF
11,150
Rentable SF
11,150
Price/Gross SF
$125.56
Lot Size
0.72 acres
Year Built
1960

Investment Overview

Location Highlights: Retail, Service-Oriented Tenant Roster • Ledgewood Center is led by a Dream Dance Studio, which has been operating on the Premises since 2012, being an internet resistant tenant • Other internet resistant and service-based tenants include a Tanning Club, Auto Repair Shop, Restaurant, and Psychic Tenant & Brand Highlights: Proximity to National, Credit Tenants • Ledgewood Center is located minutes away from (2) Walmart Supercenter’s; additional nearby national tenants include The Home Depot, Kohl’s, Shoprite, and Petco. • This asset is in close proximity to Ledgewood Plaza which generates approximately 941K Annual Visits in Foot Traffic (Placer.ai) – ranking as one of the top performing strip centers in the state Healthy Demographics • Ledgewood Center is strategically positioned in a very dense submarket with over 94K Residents having an Average Household Income of $126K within a (5)-Mile Trade Radius Irreplaceable Real Estate • Local Universities - The Subject Site sits just (15) minutes from Montclair State University (21,000 Students) enrolled & (10) minutes from the Community College of Morris with (9,000 Students) • Local Hotels – Less than (3)-miles from a Days Inn, Marriott, Quality Inn, & a Wyndham which can host more than 1,000 families at once • Hospitals – The property is just over (15) minutes from the Morristown Medical Center, a (694)-Bed Care Facility which employees over 6,000 staff members

Investment Highlights

  • Value-Add Strip Center featuring National and Local Tenants
  • Real Estate in Highly Sought-After Submarket – Morris County, NJ
  • Located directly off Route 46, a Prominent Retail Corridor in the State
  • Strong Real Estate Fundamentals with Opportunistic Upside Potential

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Listing Price: $1,400,000

Cap Rate
6.67%
Gross SF
11,150
Rentable SF
11,150
Price/Gross SF
$125.56
Lot Size
0.72 acres
Year Built
1960

Investment Highlights

  • Value-Add Strip Center featuring National and Local Tenants
  • Real Estate in Highly Sought-After Submarket – Morris County, NJ
  • Located directly off Route 46, a Prominent Retail Corridor in the State
  • Strong Real Estate Fundamentals with Opportunistic Upside Potential

Investment Overview

Location Highlights: Retail, Service-Oriented Tenant Roster • Ledgewood Center is led by a Dream Dance Studio, which has been operating on the Premises since 2012, being an internet resistant tenant • Other internet resistant and service-based tenants include a Tanning Club, Auto Repair Shop, Restaurant, and Psychic Tenant & Brand Highlights: Proximity to National, Credit Tenants • Ledgewood Center is located minutes away from (2) Walmart Supercenter’s; additional nearby national tenants include The Home Depot, Kohl’s, Shoprite, and Petco. • This asset is in close proximity to Ledgewood Plaza which generates approximately 941K Annual Visits in Foot Traffic (Placer.ai) – ranking as one of the top performing strip centers in the state Healthy Demographics • Ledgewood Center is strategically positioned in a very dense submarket with over 94K Residents having an Average Household Income of $126K within a (5)-Mile Trade Radius Irreplaceable Real Estate • Local Universities - The Subject Site sits just (15) minutes from Montclair State University (21,000 Students) enrolled & (10) minutes from the Community College of Morris with (9,000 Students) • Local Hotels – Less than (3)-miles from a Days Inn, Marriott, Quality Inn, & a Wyndham which can host more than 1,000 families at once • Hospitals – The property is just over (15) minutes from the Morristown Medical Center, a (694)-Bed Care Facility which employees over 6,000 staff members

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

MM Texture Background
MM Textured Background Lower