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23927708
23927709

106 Sparta Ave, Newton, NJ 07860

MT
NJ NJ 9909565, NY NY9999
Michael Properties
Listed by Michael Properties
$3,250,000
595 days on market
Updated 37 days ago

Five unit strip mall on 1.71 Acres, 60+ Parking

Details
Property Type Retail
Sub Type Shopping Center
Units 5
Cap Rate 6.89%
NOI $223,972
Occupancy 100%
Tenancy Multi
Brand/Tenant QuikChek
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 1.710
Zoning Commercial
Parking Spaces 60 spaces
Investment Type Value Add
Ownership Private
Sale Condition 1031 exchange

Retail | 6.89% CAP

Marketing description

Exceptional investment opportunity! This five-unit strip mall spans 1.71 acres and is fully occupied, with long-term NNN leases that provide consistent cash flow. Anchored by QuickChek, the property also includes high-demand tenants such as a laundromat, community college classroom space, arts and crafts store, and the popular Krave Restaurant. This impressive tenant lineup ensures a diverse income stream and stability.

The one-story structure offers 60+ parking spaces, providing convenient access for customers and ample capacity for all tenants. Located on a busy road with high visibility, this strip mall attracts a steady flow of traffic, further supported by its great tenant history and strategic location.

Don’t miss the chance to own this high-performing retail center in a thriving area, perfectly positioned for sustained growth and success!

Investment highlights

  • 60 + Parking Spaces in Common parking lot

  • 5 units

  • Anchor tenant QuickChek

  • NNN leases

  • 1.71 Acre Lot

Listing Contacts

MT
NJ NJ 9909565, NY NY9999
Michael Properties
Listed by Michael Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$223,972.00
$18,664.33/mo

Valuation Metrics

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DSCR
6.89%
Cap Rate
6.89%
ROI

Map

Zoning

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SD-4 IndustrialIndustrial Manufacturing District
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Michael Todaro
License
NJ 9909565
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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