For Sale
$2,800,000

1010 Us-202 Branchburg, NJ 08876

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Lifestyle center - High-yield retail investment opportunity.
Where is the lifestyle center located?
The property is located at 1010 Us-202 Branchburg, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Excellent location, 8 minutes from Bridgewater Mall and numerous corporate offices and hotels.; Significant development potential: add two stories and construct 16 apartments.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1010 Us-202
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