Single-Tenant NNN
361 Union Ave, Bridgewater, NJ 08807
For Sale
Contact for pricing
A freestanding retail asset is fully occupied under a triple-net lease through July 31, 2027.
Property Size5,146 SF
Lot Size0.92 Acres
Price / SF$485.81
Days on Market47
Property Features for 361 Union Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Gross Income
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
CENTURY 21 Realty Group
Listed By:
Alexander Andujar · License #2561872
(201) 854-8888
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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 CENTURY 21 Realty Group
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Investment Insights
Based on property information with market context.
This freestanding, single-tenant retail property contains approximately 5,146 square feet on an approximately 40,000-square-foot lot. Built in 1981, the building is occupied under a triple-net lease scheduled to run through July 31, 2027.
The property is located at 361 Union Ave in Bridgewater, New Jersey, and includes parking. The tenant is Quick-Check.
The property is located at 361 Union Ave in Bridgewater, New Jersey, and includes parking. The tenant is Quick-Check.
Key Highlights
- Approximately 5,146 square feet on an approximately 40,000‑square‑foot lot
- Single‑tenant retail property occupied by Quick‑Check
- Triple‑net lease in place through July 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,697
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,940
$1.6M
Cap Rate 7%
$1,124,243
$1.1M
Cap Rate 9%
$874,411
$874.4K
Market Conditions
NOI Build-Up for 5,146 SF
Gross rent
$111.2K $21.60/SF
− Vacancy
−$6.2K −$1.21/SF
EGI
$104.9K $20.39/SF
− OpEx
−$26.2K −$5.10/SF
NOI
$78.7K $15.29/SF
Area
Somerset County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,940
Cap Rate 7%
$1,124,243
Cap Rate 9%
$874,411
Alternative Uses
Best Use
Specialty Retail
$1.12M
$983.7K – $1.31M
NOI $78,697 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$1.05M
$918.1K – $1.22M
NOI $73,450 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,061 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
11,217 visits/mo
0.5 miles
QuickChek
Shops & Services
9,829 visits/mo
0.1 miles
Demographics for 08807, NJ
39,299
Population
14,302
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
95%
High-School Grad
25.5 sq mi
ZIP Area
1,541
Density / Sq Mi
$165,983
Median Household Income
$79,480
Median Earnings
$2,092
Median Rent
$562,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - A freestanding retail asset is fully occupied under a triple-net lease through July 31, 2027.
Where is this nnn property located?
The property is located at 361 Union Ave Bridgewater, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 5,146 square feet on an approximately 40,000‑square‑foot lot; Single‑tenant retail property occupied by Quick‑Check; Triple‑net lease in place through July 31, 2027
