Grocery Store Absolute Net
For Sale
Contact for pricing
159 Maplewood Ave, Maplewood, NJ 07040
Net-leased grocery market with a 15-year base term and three five-year options, remodeled with $700,000+ upgrades.
Property SizeContact for details
Days on Market121
Property Features for 159 Maplewood Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Saddle Brook
Listed By:
Karly Iacono · License #NJ 0345216
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:43PM
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 CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
Green Way Markets is a net-leased grocery and convenience retail property presented as a brand-new absolute net lease with a 15-year base term and three additional five-year options. The tenant invested more than $700,000 into a building remodel, including upgrades to all mechanicals and the facade. Renovations were completed ahead of schedule, with a grand opening held October 23, 2021.
The property is positioned in Downtown Maplewood directly across from the Maplewood train station. The station is identified in the offering materials as one of NJ Transit’s busiest, with over 3,488 daily weekday train passengers, and the downtown area is described as commuter- and pedestrian-friendly.
The market offers premium products and its own organic Green Way line, along with private label support through Iselin, New Jersey-based Allegiance Retail Services, which provides marketing, advertising, technological and merchandising support.
The property is positioned in Downtown Maplewood directly across from the Maplewood train station. The station is identified in the offering materials as one of NJ Transit’s busiest, with over 3,488 daily weekday train passengers, and the downtown area is described as commuter- and pedestrian-friendly.
The market offers premium products and its own organic Green Way line, along with private label support through Iselin, New Jersey-based Allegiance Retail Services, which provides marketing, advertising, technological and merchandising support.
Key Highlights
- Brand‑new absolute net lease with a 15‑year base term plus three 5‑year options.
- Tenant invested $700,000+ into a building remodel, including upgrades to all mechanicals and the facade.
- Grand opening held October 23, 2021.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Starbucks
Dining
13,940 visits/mo
0.1 miles
Shell
Shops & Services
9,971 visits/mo
0.5 miles
7-Eleven
Shops & Services
3,000 visits/mo
0.5 miles
Demographics for 07040, NJ
25,684
Population
8,981
Households
2.9
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
6,586
Density / Sq Mi
$167,428
Median Household Income
$72,475
Median Earnings
$2,184
Median Rent
$684,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Green Way Markets of Maplewood — 159 Maplewood Ave, Maplewood, NJ 07040
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Net-leased grocery market with a 15-year base term and three five-year options, remodeled with $700,000+ upgrades.
Where is this grocery and convenience store located?
The property is located at 159 Maplewood Ave Maplewood, NJ.
What are key features of this property?
This property features: Brand‑new absolute net lease with a 15‑year base term plus three 5‑year options.; Tenant invested $700,000+ into a building remodel, including upgrades to all mechanicals and the facade.; Grand opening held October 23, 2021.
