300 Glenwood Ave, Bloomfield, NJ 07003 For Sale

As exclusive agent, Cushman & Wakefield is pleased to offer The Shops at Bloomfield Station for sale. Completed in 2015, the Property is a 63,792 square foot grocery-anchored neighborhood retail condominium located on the ground floor of the 224-unit Avalon Bloomfield Station apartment community developed by AvalonBay. Positioned directly adjacent to the Bloomfield Train Station, the Property benefits from immediate NJ Transit connectivity to Newark and Manhattan, supporting consistent commuter-driven traffic within a dense, infill Essex County trade area. The Shops at Bloomfield Station is currently 100% leased and anchored by Jack’s Super Foodtown, an established neighborhood grocer with lease term through January 2036.

The Property offers investors a durable and uninterrupted income stream supported by an 8.3 year WALT and more than $10 million of contractual base rental revenue. With 13 tenants and an average unit size of less than 5,000 square feet, the tenancy profile provides meaningful diversification and mitigated rollover risk. The Shops at Bloomfield Station features a complementary mix of necessity and service oriented uses, including grocery, medical, food and beverage, education, entertainment, and fitness, generating multiple traffic drivers.

The Property is supported by exceptional surrounding density and income demographics, with approximately 340,740 residents within three miles (12,051 people per square mile) and average household income of approximately $122,574. The Shops at Bloomfield Station offers a modern, institutional quality retail footprint within a supply constrained, transit oriented, and vibrant mixed use environment.