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Prime Corner Retail Opportunity
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341 Millburn Avenue, Millburn, NJ 07041

High-visibility corner location in affluent Millburn/Short Hills, New Jersey.

Space Size1,883 SF
Property Size5,200 SF
Days on Market108

Property Features for 341 Millburn Avenue

General Information

Standard status Active
Size 1,883 SF
Class A
Property subtype Retail

Building Details

Building Size 5,200 SF
Tenancy Multiple

Spaces For Lease

at 341 Millburn Avenue Contact us

Space 1

Size
1,883 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Rudder Property Group
Listed By: Michael Rudder · License #NY 10491201687
Source: Crexi
Added: May 14 Changed: Aug 28 Last Checked: Aug 26 at 6:06PM

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 Rudder Property Group

Investment Insights

Based on property information with market context.

This property is located on a trophy corner at the intersection of Millburn Avenue and Main Street, which are described as the two busiest retail streets in town. Situated in Millburn/Short Hills, New Jersey, an area characterized as one of the wealthiest communities in the state, the property benefits from high household income and spending power. The location offers constant foot and vehicle traffic, along with exceptional visibility from both corridors.

Key Highlights

  • Trophy corner location at the intersection of Millburn Avenue and Main Street.
  • Located in Millburn/Short Hills, one of the wealthiest communities in New Jersey.
  • Exceptional household income and spending power in the area.

Property Analytics

Current Use

Bluemercury Cosmetic Store

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Restaurant Veterinary Clinic

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,358
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 37% Shops & Services 35% Dining 23% Beauty & Spa 3%
ShopRite Groceries
30,363 visits/mo 0.4 miles
Dunkin' Donuts Dining
11,796 visits/mo 0.0 miles
Chase Bank Shops & Services
8,142 visits/mo 0.3 miles
Wells Fargo Shops & Services
4,774 visits/mo 0.3 miles
The UPS Store Shops & Services
4,109 visits/mo 0.2 miles

Demographics for 07041, NJ

7,649
Population
2,843
Households
2.7
Avg Household Size
41
Median Age
81%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
5,884
Density / Sq Mi
$220,923
Median Household Income
$109,375
Median Earnings
$1,969
Median Rent
$935,900
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
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Similar Off Market Nearby

  • Party Artistry Inc 27 Bleeker St, Millburn, NJ 07041

Frequently Asked Questions

What type of property is this?
Storefront property - High-visibility corner location in affluent Millburn/Short Hills, New Jersey.
Where is this storefront property located?
The property is located at 341 Millburn Avenue Millburn, NJ.
What are key features of this property?
This property features: Trophy corner location at the intersection of Millburn Avenue and Main Street.; Located in Millburn/Short Hills, one of the wealthiest communities in New Jersey.; Exceptional household income and spending power in the area.
(646) 483-2203 Call to check price and availability
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