1392 St Georges AveWoodbridge Township, NJ 07001

For Sale
$3,300,000

High-Yield Dollar Tree Anchored Mall

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 13,082 square foot retail property, located at 1392 St Georges Ave in Woodbridge Township, New Jersey (07001), presents a compelling investment opportunity. Currently 100% occupied, the center boasts a strong anchor tenant, Dollar Tree, and generates a substantial net operating income (NOI) of $185,000, resulting in an attractive 5.61% capitalization rate. The asking price is $3,300,000. Situated on a 1.03-acre lot, the property benefits from recent renovations including a new roof and updated parking lot. The existing tenants have made substantial improvements, demonstrating their long-term commitment to the center. Below-market rents offer significant potential for future income growth. The property is professionally managed, ensuring efficient operations and maximizing returns. This well-maintained, high-occupancy retail center represents a rare opportunity to acquire a stable, income-producing asset in a desirable New Jersey location. The property's strong tenant mix, recent renovations, and potential for rent increases make it an ideal addition to any investment portfolio. Contact us today to learn more about this exceptional investment opportunity.

Highlights

  • Below-market rents offer significant upside potential.
  • New roof and updated parking lot.
  • Professionally managed for efficient operations.
  • 100% occupancy with strong anchor tenant (Dollar Tree).
  • Substantial tenant improvements indicate long-term commitment.

Property Details for 1392 St Georges Ave

Property type
Other retail properties, Retail properties
Square Feet
13,082 SF
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Woodbridge Township
County
Middlesex
State
New Jersey
Latitude
40.5859435
Longitude
-74.2914787
1392 St Georges Ave, Woodbridge Township, New Jersey

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1392 St Georges Ave
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