1010 Us-202Branchburg, NJ 08876

For Sale
$2,800,000

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 8,250 square foot shopping center, located at 1010 US-202 in Branchburg, New Jersey (08876), presents a lucrative investment opportunity. Built in 1968 and extensively renovated in 2022, the property boasts 100% occupancy across six tenants, generating a strong net operating income (NOI) of $194,000 and a 6.93% capitalization rate. The asking price is $2,800,000, translating to $339.39 per square foot. Situated on a 1.15-acre lot, the single-story building offers 35 parking spaces. The property features rent bumps, ensuring future income growth. The zoning allows for expansion

Highlights

  • Excellent location, 8 minutes from Bridgewater Mall and numerous corporate offices and hotels.
  • Significant development potential: add two stories and construct 16 apartments.

Property Details for 1010 Us-202

Property type
Lifestyle centers, Power centers
Square Feet
8,250 SF
Year Built/Renovated
1968/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
50,094 SF
Units
8

Location Insight

City
Branchburg
County
Somerset
State
New Jersey
Latitude
40.5654499
Longitude
-74.691201
1010 Us-202, Branchburg, New Jersey

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1010 Us-202
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