477 Nj-10Randolph, NJ 07869
- Retail properties
- 66,000 SF
Property Details for 477 Nj-10
- Year built
- 1999
- Lot size
- 7.79 AC
- Property size (Sq ft)
- 66,000 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
College Plaza, a stabilized shopping center in Randolph, NJ, presents a compelling investment opportunity. This two-story, 66,000 square foot property sits on a 7.79-acre lot at 477 NJ-10, boasting 97% occupancy and a strong pro-forma NOI of $1,276,954, yielding a 7.98% cap rate. The asking price is $16,000,000, translating to $242.42 per square foot. Built in 1999, the center comprises two buildings, one 30,000 square feet and the other 36,000 square feet, and includes a solar system. The property is zoned for commercial use and benefits from a triple-net (NNN) lease structure across multiple tenants. Its prime location near Morris County College ensures a strong community presence and regional draw, supported by favorable demographics. The property features a total of 66,000 square feet of retail space. A small portion of the space (2,308 square feet) is currently vacant. This exceptional offering provides a stable income stream with significant upside potential.
Location Insight
- City
- Randolph
- County
- Morris
- State
- New Jersey
- Latitude
- 40.8625
- Longitude
- -74.566
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].