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33887429

84 Veronica Avenue, Franklin Township, NJ 08873

JS
NJ NJ 1969050
Cushman & Wakefield - Morristown, New Jersey
DB
NJ 2189189
Cushman & Wakefield - Morristown, New Jersey
AB
NJ2185253
Cushman & Wakefield - Morristown, New Jersey
Cushman & Wakefield - Morristown, New Jersey
Listed by Cushman & Wakefield - Morristown, New Jersey
Unpriced
4 days on market
Updated 4 days ago

84 Veronica Avenue

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 33,608
Units 18
Occupancy 100%
Tenancy Multi
Brand/Tenant Dunkin', Bank of America
Lease Type NNN
Rent Bumps Yes
Lease Options Yes
Class A
Buildings 3
Stories 1
Acreage 5.000
Zoning G-B
Parking Spaces 163 spaces
Parking Per SqFt 4.85
Investment Type Stabilized
Ground Lease No
Ownership Fee

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

Listing Contacts

JS
NJ NJ 1969050
Cushman & Wakefield - Morristown, New Jersey
DB
NJ 2189189
Cushman & Wakefield - Morristown, New Jersey
AB
NJ2185253
Cushman & Wakefield - Morristown, New Jersey
Cushman & Wakefield - Morristown, New Jersey
Listed by Cushman & Wakefield - Morristown, New Jersey

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Zoning

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G-B CommercialGeneral CommercialGeneral Business
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jordan Sobel
License
NJ 1969050
Brokerage Phone
9084204665
Name
Dan Bottiglieri
License
2189189
Brokerage
Cushman & Wakefield
Brokerage Phone
7324391919
Title
Senior Associate - Investment Sales
Brokerage Address
1150 Headquarters Plaza
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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