8 Eastman St Cranford, NJ 07016

This is a fully occupied, approximately 8,734 square foot strip mall located in downtown Cranford, Union County, New Jersey. The property benefits from an A+ downtown location, situated a one-minute walk from NJ Transit at the signalized intersection of Eastman Street and North Avenue West, with over 15,600 vehicles passing per day. Constructed with block, the property is currently occupied by three tenants who were in place before the pandemic and have had zero payment issues. They operate on modified gross leases, reimbursing for taxes and insurance expenses, and are responsible for individual expenses and HVAC unit repairs. Downtown Cranford is known for its restaurants and specialty shops and has experienced tremendous growth in recent years. The location benefits from strong demographics, with over 431,000 people within a five-mile radius and an average household income exceeding $167,000 within one mile.