Vitamin Shoppe 327 State Route 10 Local commercial 288 m² À vendre East Hanover, NJ 07936 2 967 637 € (10 304,32 €/m²) Taux de capitalisation 5 %

PRIME ROUTE 10 LOCATION
The most affluent section of the Route 10 retail corridor lies in between the signalized intersections of New Murray Road to the west and River Road to the east. The 2024 average 3 mile radius HH income is $245,000.00. This property lies within this section, close to the River Road intersection. It is surrounded by notable retailers, such as Dick’s Sporting Goods and Marshalls, as well as top automotive dealerships, such as Porsche and Volvo.
FREE-STANDING BUILDING
This building is one of only two free-standing, single-tenant, non-restaurant buildings within the 3,000 to 5,000 SF range along the entire 5.6-mile Route 10 retail corridor. Its size allows for flexible use across multiple retail categories, thereby maximizing annual rental potential.
LONG ESTABLISHED TENANCY
Vitamin Shoppe has been a tenant here since 1999 (26 years).
TRUE NNN INCOME
In 1999, Vitamin Shoppe leased a building at this property. In 2000, Vitamin Shoppe demolished the building at its own initiative and expense and constructed a new building to its own specifications. Since then, it has been fully responsible for all maintenance and repair, including roof and structural, for all property taxes and for the landlord’s insurance. This is a truly 100% net investment.
RISING RENT RATES
Rental rates for freestanding buildings along Route 10 and other major New Jersey highways are climbing, fueled by limited availability and increasing demand from fast growing sectors like medical, fitness, and restaurant businesses. In this prime location, rates now frequently reach $70 per square foot for smaller properties.
EXPANSION OPPORTUNITY
See the attached floor plan. This property offers an approximate 4,000/sf expansion opportunity. This expansion can be built without the need for a bulk variance, requiring only site plan approval.