Fully Occupied Strip Mall
For Sale
Contact for pricing
106 Sparta Ave, Newton, NJ 07860
Five-unit strip mall with long-term NNN leases and diverse tenants.
Property SizeContact for details
Lot Size1.71 Acres
Days on Market655
Property Features for 106 Sparta Ave
General Information
Standard status
Active
Total Parking Spaces
60
Lot size
1.71 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$223,972
Building Details
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Michael Properties
(201) 522-7641
Listed By:
Michael Todaro · License #NJ 9909565
Source:
Crexi
Added: Nov 14, 2024
Changed: Aug 8
Last Checked: Aug 28 at 8:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Properties
Investment Insights
Based on property information with market context.
This five-unit strip mall, situated on 1.71 acres, presents an investment opportunity. The property is fully occupied with tenants under long-term NNN leases, providing consistent cash flow. Anchored by QuickChek, the tenant lineup includes a laundromat, community college classroom space, an arts and crafts store, and Krave Restaurant. The one-story structure has over 60 parking spaces. Located on a busy road with high visibility, the strip mall benefits from a steady flow of traffic and a history of stable tenancy.
Key Highlights
- Fully occupied five‑unit strip mall with long‑term NNN leases ensuring consistent cash flow.
- Anchored by QuickChek and includes high‑demand tenants providing a diverse and stable income stream.
- Located on a busy road with high visibility, attracting a steady flow of traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Dollar General
Shops & Services
8,313 visits/mo
0.5 miles
QuickChek
Shops & Services
7,963 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,853 visits/mo
0.2 miles
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Five-unit strip mall with long-term NNN leases and diverse tenants.
Where is this strip mall located?
The property is located at 106 Sparta Ave Newton, NJ.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Fully occupied five‑unit strip mall with long‑term NNN leases ensuring consistent cash flow.; Anchored by QuickChek and includes high‑demand tenants providing a diverse and stable income stream.; Located on a busy road with high visibility, attracting a steady flow of traffic.
