Building Details

Stories 1

Units 1

Tenancy Multi

Listing Agency: Michael Cervelli Real Estate LLC j***@realestatenj.com Show Phone

Listed By: James Cervelli · License #0559769 Show Phone

Source: Betterhomerealestate

Added: Feb 9, 2024 Changed: Aug 29 Last Checked: Aug 30 at 5:30PM

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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 Cervelli Real Estate LLC

Investment Insights

Based on property information with market context.

This 1,000 SF retail suite is located in a maintained shopping center anchored by CVS. The space is positioned for retail occupancy and includes exposure from the street, along with an overhead facade sign opportunity.

The property is at 166 Newark Pompton Turnpike in Pequannock Township, New Jersey. Access to major highways, nearby bus stops, and ample parking support customer and staff convenience. The shopping center setting provides an established commercial environment for a retail operator.

Key Highlights

• 1,000 SF retail suite in a shopping center anchored by CVS
• Street‑facing exposure at 166 Newark Pompton Turnpike
• Overhead facade sign opportunity

Property Analytics

Property Profile

Current Use

Francesca's Bakery Bakery Ameti's Gourmet Pizza Restaurant Golden Jade Chinese ... Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Dental Office Real Estate Agency Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

NNN (Triple Net)

Lease Type

$2.55 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

377

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Golden China Dining

2,283 visits/mo 0.2 miles

M&T Bank Shops & Services

1,697 visits/mo 0.1 miles

Demographics for 07440, NJ

4,414

Population

1,598

Households

2.8

Avg Household Size

45

Median Age

48%

College-Educated

94%

High-School Grad

1.5 sq mi

ZIP Area

2,943

Density / Sq Mi

$147,976

Median Household Income

$68,070

Median Earnings

$981

Median Rent

$514,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail suite within a maintained shopping center offering street exposure, highway access, bus service, and on-site parking.

Where is this retail space located?

The property is located at 166 Newark Pompton Turnpike Pequannock Township, NJ.

What is the lease rate?

The lease rate is $17 SF/Yr.

What are key features of this property?

This property features: 1,000 SF retail suite in a shopping center anchored by CVS; Street‑facing exposure at 166 Newark Pompton Turnpike; Overhead facade sign opportunity