45 Pearl St Metuchen, NJ 08840

This freestanding retail building is located in downtown Metuchen, New Jersey. The property is a short walk to the NJ Transit station in a rapidly growing residential neighborhood. The building was renovated in 2016 and is currently leased by CVS through December 2021. The location is steps from the Main Street corridor, which sees over 43,000 vehicles per day. Nearby national retail tenants include Biggby Coffee, BP, Chase Bank, Chipotle Mexican Grill, Friendly’s, Wells Fargo and Whole Foods. The property is approximately 1.5 miles from I-287 and only a 5-minute walk from the NJ Transit station. It is located steps from Main St. (20,700+ VPD) and less than 1 block from the intersection of Middlesex Ave. & Pearl St. (23,000+ VPD). The property has 50 surface parking spaces and is located on a corner directly adjacent to a 275-unit apartment building built in 2017. Metuchen, New Jersey is a suburban borough approximately 33 miles southwest of Manhattan, 19 miles southwest Newark, and five miles northeast of New Brunswick. The suburb’s population is set to steadily increase consistently each passing year. This current CVS location in Metuchen is in close proximity to a multifamily development, local transit stations, a commercial center with an abundance of parking, new high-end retail and national chains.