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28927013
28927014

130 S Plainfield Ave, South Plainfield, NJ 07080

Marcus & Millichap - New Jersey
AC
NJ 0791092
Marcus & Millichap - New Jersey
BH
NJ 1541064
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey
$6,250,000
171 days on market
Updated 21 days ago

Dollar General Plaza

Details
Property Type Retail
Sub Type Shopping Center
Net Rentable (SqFt) 28,920
Cap Rate 6.85%
NOI $428,173
Occupancy 100%
Tenancy Multi
Year Built 1980
Acreage 2.170
Parking Spaces 112 spaces

Retail | 6.85% CAP

Marketing description

Marcus & Millichap is pleased to present 130-140 S Plainfield Ave, South Plainfield, Middlesex County, New Jersey.

Investment highlights

  • 100% Occupied +/- 28,920 SF Retail Center in South Plainfield, Middlesex County, New Jersey

  • Anchored By Dollar General (Standard & Poor's Rated BBB)

  • NNN Leases – Minimal Landlord Responsibility

  • Amazon Proof Retail Tenants Catering to the Local Community

  • Roof Redone 2018 – HVAC Repair and Replacement on Tenants

  • Extensive Renovations Completed – Contact Listing Agent For Details

  • Great Location – Property Sits Between South Plainfield Avenue, Oak Tree Road and Front Street – Over 40,000 Combined Cars Per Day

  • Just 3 Minutes to I-287 and 5 Minutes to US-22

  • Strong Demographics – Over 326,000 People in 5 Miles – Average Household Income Over $148,000

Listing Contacts

Marcus & Millichap - New Jersey
AC
NJ 0791092
Marcus & Millichap - New Jersey
BH
NJ 1541064
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$428,173.00
$35,681.08/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

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Additional Information

Name
Vincent Pennino
License
2561244
Brokerage
Marcus & Millichap
Brokerage Phone
2017426178
Brokerage Address
250 Pehle Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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