Property profile

400 Renaissance Blvd North Brunswick, NJ 08902

OFF-MARKET
Commercial real estate
Property ID
US59-1284794
14.97 ac lot Built 2002
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents a well-established optical store for sale in the bustling ShopRite of North Brunswick, New Jersey. Located at 400 Renaissance Boulevard, 08902, this business boasts over 21 years of operational history, providing a strong foundation for continued success. The store enjoys an unparalleled location within the ShopRite, ensuring high visibility and consistent foot traffic from a large customer base. The comprehensive services offered include a full range of eye care needs, encompassing designer frames, lenses, contact lenses, eye exams, and repair services. This turnkey operation offers a unique opportunity for an individual or entity seeking entry into or expansion within the thriving eye care industry. The business is ready for immediate operation, eliminating the need for extensive setup or renovations. The asking price for this established and profitable business is $249,000. This presents a compelling investment opportunity with significant growth potential in a prime retail location. The property itself is situated in Middlesex County, New Jersey, benefiting from the strong demographics and economic activity of the North Brunswick Township area. This is a rare chance to acquire a well-regarded, established business with a proven track record.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2002
Lot 14.97 ac (652,093 SF)
Zoning code PUD2
APN 14 00148- 03-00001
UPID US59-1284794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 Renaissance Blvd North Brunswick, NJ 08902-5100
North Brunswick metro Census 6208 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PUD2 · North Brunswick, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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