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695 Rt-17Paramus, NJ 07652

Fully Leased Strip Center, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 13,900 square foot multi-tenant shopping center is located at 695 Route 17 in Paramus, New Jersey, within Bergen County (zip code 07652). Built in 1960, the property boasts 100% occupancy with strong, long-term tenants, including a recently signed feminine urgent care facility. The center enjoys a prime retail location in the heart of the Paramus market, benefiting from excellent visibility and accessibility from both sides of Route 17. This high-traffic area sees over 160,000 vehicles daily. The property's strategic location offers convenient access to Route 4 and the Garden State Parkway, further enhancing its appeal and accessibility. Its proximity to the new Valley Hospital (within 2 miles) adds to its desirability. The property generates a strong net operating income (NOI) due to the stable tenancy and prime location. This presents a compelling investment opportunity for those seeking a fully leased, high-performing retail asset in a thriving market. The property is classified as Retail, Subtype Shopping Center.

Highlights

  • Strong net operating income (NOI) supported by long-term leases.
  • New, women's-focused urgent care facility recently signed a lease.
  • Excellent retail location in the core of Paramus's thriving market.
  • High visibility and accessibility from both sides of Route 17.
  • Easy access to Route 4 and the Garden State Parkway.
  • High traffic count exceeding 160,000 vehicles daily.

Property Details for 695 Rt-17

Property type
Lifestyle centers, Power centers
Square Feet
13,900 SF
Year Built
1960

Location Insight

City
Paramus
County
Bergen
State
New Jersey
Latitude
40.9680044
Longitude
-74.0791898
695 Rt-17, Paramus, New Jersey

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695 Rt-17
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