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27544378
27544379

118 Godwin Ave, Midland Park, NJ 07432

KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews
$3,950,000
238 days on market
Updated 74 days ago

7-ELEVEN/Fiona's Strip Center | Midland Park, NJ

Details
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 5,000
Cap Rate 5.45%
NOI $215,299
Tenancy Multi
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Rent Bumps Yes
Price per SqFt $790
Ownership Fee Simple

Absolute NNN | Prime Signalized Corner | Fee Simple

Investment highlights

Fully Stabilized, 100% Occupied Retail Center: Two-tenant property anchored by 7-Eleven and Fiona’s Italian Restaurant, both with a long history of successful occupancy.

Prime Bergen County Location: Located at the signalized intersection of Godwin Ave, Goffle Rd, and Vreeland Ave, offering excellent visibility with over ±19,800 vehicles per day.

High-Barrier-to-Entry Market: Midland Park, Bergen County is known for limited new retail development opportunities and consistently strong real estate fundamentals.

Attractive Parcel & Parking: Situated on a ±0.88 AC with ±5,000 SF GLA and an exceptional 78 parking spaces (152.11/1,000 SF).

Flexible Zoning (B-1): Permits a variety of future tenant uses and potential redevelopment opportunities.

Expansion Potential: Opportunity to add approximately ±2,800 SF of additional space, creating meaningful value-add upside for investors.

Affluent Demographics: Within a ±3-mile radius, average household income exceeds $240,000; more than 100,000 households are located within 5 miles.

Strong Retail Synergy: Surrounded by national and regional retailers including CVS, Starbucks, Dunkin’, Kings, ACME, Burger King, Wendy’s, TD Bank, and Petco.

Excellent Accessibility: Easy access to key highways: Route 208 (1.4 mi), Route 17 (3.1 mi), Garden State Parkway (4.5 mi), and I-287 (8.2 mi).

Secure Cash Flow: Generates $215,299 in NOI, supported by 7-Eleven’s long-term NNN lease and Fiona’s expense reimbursements.

Listing Contacts

KP
CA 01949749
Matthews
CK
CA 01911198
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$215,299.00
$17,941.58/mo

Valuation Metrics

0
DSCR
5.45%
Cap Rate
5.45%
ROI

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Additional Information

Name
Patrick Forde
License
122887, 2330333 (NJ)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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