84 Veronica Avenue
100% OCCUPIED, ±33,600 SF RETAIL CENTER WITH ROUTE 27 FRONTAGE
Marketing description
As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in Veronica Plaza, located at 84 Veronica Avenue, Somerset, New Jersey 08873 for sale. The asset consists of a 33,608 SF retail center situated on 5 acres that is 100% occupied by 18 tenants. Veronica Plaza’s diversified rent roll limits vacancy exposure, with an average suite size of approximately 2,100 SF and no single tenant occupying more than 4,810 SF. The tenancy is anchored by a complementary mix of food, service, medical, financial, and convenience oriented uses that serve the surrounding population.
The property features superior visibility and accessibility at the signalized corner of Veronica Avenue and Route 27, a main Somerset County artery with average daily traffic exceeding 24,000 vehicles. The 100% net rent structures in place across the tenancy limit expense exposure for a new owner. Together, these attributes create a desirable cash-flowing retail asset with straightforward operations and durable income.
Investment highlights
18 Tenants
5.5-Year WALT
$24.05 building average rent
24,000 Vehicles Per Day
Signalized corner location
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