Listing Agency: Kurgan-Bergen Realtors

Listed By: Peter M Garabedian · License #7813926 Show Phone

Source: Tarvinrealtors

Added: Sep 1 Changed: Sep 3 Last Checked: Sep 5 at 5:37AM

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Investment Insights

Based on property information with market context.

This freestanding commercial building is situated on a large lot at 360 State Rt 23 in Pequannock Township, New Jersey. The property is currently leased under a triple-net structure through October 31, 2028.

The site fronts State Route 23 North and carries a Pequannock Township, NJ 07444 address. Lease term and location along the route provide the primary documented characteristics of this 1031 exchange property.

Key Highlights

• Freestanding commercial building on a large lot
• Triple‑net lease in place through 10/31/2028
• Located on State Route 23 North

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Restaurant Law Firm Big Box & Wholesale Store Spa & Massage Center Auto Parts Store Storage Facility

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

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

397

Businesses Nearby

52k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 49% Dining 26% Shops & Services 16% Hotels & Casinos 8%

Bottle King Groceries

25,949 visits/mo 0.3 miles

Dunkin' Donuts Dining

7,746 visits/mo 0.3 miles

KFC Dining

6,012 visits/mo 0.2 miles

Penske Shops & Services

5,370 visits/mo 0.3 miles

Advance Auto Parts Shops & Services

3,017 visits/mo 0.3 miles

Demographics for 07444, NJ

11,144

Population

4,908

Households

2.3

Avg Household Size

52

Median Age

49%

College-Educated

97%

High-School Grad

5.2 sq mi

ZIP Area

2,143

Density / Sq Mi

$113,661

Median Household Income

$64,872

Median Earnings

$3,297

Median Rent

$488,200

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this 1031 exchange properties located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

1031 exchange property - Freestanding commercial building on a large lot with a triple-net lease in place.

Where is this 1031 exchange property located?

The property is located at 360 State Rt 23 Pequannock Township, NJ.

What is the lease rate?

The lease rate is $1,200,000.

What are key features of this property?

This property features: Freestanding commercial building on a large lot; Triple‑net lease in place through 10/31/2028; Located on State Route 23 North