Livingston Mixed-Use + Car Wash
7.13% CAP
Marketing description
Marcus & Millichap is pleased to exclusively present 107 E Mount Pleasant Avenue, Livingston, Essex County, New Jersey.
Investment highlights
TENANT(S)
Two (2)-story 26,240 SF mixed-use asset located on Mount Pleasant Avenue, Livingston, Essex County, New Jersey
Currently 92% occupied with a brand-new car wash in the rear of the property having just executed a 30-year lease
17 total tenants with 2 vacancies
6 retail tenants and 11 office suites
Structured rent increases for most tenants
Upside in leasing remaining vacancies
Other tenants include Eppes Essen (Jewish Deli), Kumon Learning Center, Invictus Pharmacy, among others
Significant tax advantages related to the car wash – consult your CPA regarding tax advice
LOCATION/ MARKET
Excellent location along one of Livingston's most traveled retail corridors with over 28K cars/day
1/3 mile to the intersection of Mount Pleasant Avenue and Livingston Avenue
Less than 2 miles to the Route 10 circle
Premier demographics with over 230K people in 5 miles and a 1-mile average household income over $212K
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