10 Metro BlvdClifton, NJ 07011

Property Details for 10 Metro Blvd

Year built

2024

Lot size

1.05 AC

Property size (Sq ft)

2,828 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2,828 square foot retail property located at 10 Metro Blvd, Clifton, NJ 07011. The property boasts a 15-year net lease with three, 5-year options, commencing October 31, 2024, and features a triple-net (NNN) lease structure with a corporate guarantee. The building, completed in 2024, sits on a 1.048-acre lot and includes 53 parking spaces. Currently 100% occupied by Starbucks, Dunkin', and Dutch Bros. Coffee, this property generates a strong net operating income (NOI) of $250,000, resulting in a 5.00% cap rate. The asking price is $5,000,000. This prime location along the Route 3 corridor in the Clifton-Nutley border area sees over 100,000 vehicles daily, serving a highly affluent market with average household incomes exceeding $166,000 within a one-mile radius. The property benefits from its strategic placement within the ON3 redevelopment project, one of New Jersey's largest, and is designed to attract consumers from the surrounding local market, future residents, and employees working on campus. The unique, bespoke design of the Starbucks location is architecturally distinct and represents the only Starbucks for 27 miles eastbound on Route 3 from the Lincoln Tunnel. The surrounding community is densely populated, with residents spending an aggregate $1.7 billion annually on food and alcohol within a three-mile radius.

Location Insight

City

Clifton

County

Passaic

State

New Jersey

Latitude

40.8812

Longitude

-74.1416

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