Freestanding 1031 Exchange
New
For Sale
$1,200,000
360 State Rt 23, Pequannock Township, NJ 07444
Freestanding commercial building on a large lot with an existing triple-net lease.
Property SizeContact for details
Days on Market3
Property Features for 360 State Rt 23
General Information
Standard status
Active
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air Heating
Gas Heating
Hot Air Heating
Building Details
Buildings
1
Listing Agency:
KURGAN-BERGEN REALTORS
(201) 939-6200
Listed By:
PETER GARABEDIAN · License #7813926
Source:
Corcoran
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:15PM
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 KURGAN-BERGEN REALTORS
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 10/31/2028, providing an established lease term for an exchange-oriented acquisition.
The building is located on Route 23 North, with the address positioned in the 07444 ZIP code. A copy of the property survey is available through the listing broker.
The building is located on Route 23 North, with the address positioned in the 07444 ZIP code. A copy of the property survey is available through the listing broker.
Key Highlights
- Freestanding commercial building on a large lot
- Existing triple‑net lease through 10/31/2028
- Located on Route 23 North
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Freestanding commercial building on a large lot with an existing triple-net lease.
Where is this 1031 exchange property located?
The property is located at 360 State Rt 23 Pequannock Township, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Freestanding commercial building on a large lot; Existing triple‑net lease through 10/31/2028; Located on Route 23 North
