712 Nj-17 Paramus, NJ 07652

This property is a retail space occupied by LensCrafters, strategically positioned as an outparcel to Fashion Center in Paramus, New Jersey. The location benefits from high visibility on Route 17, with a daily traffic count of 94,127 vehicles, and is near the Garden State Parkway, which sees 156,930 vehicles daily. The property benefits from its proximity to major metro areas, being less than 25 miles from New York City, attracting a broad customer base. The property has direct access from major thoroughfares, including the nearby Garden State Parkway, enhancing its accessibility. The lease structure is a net lease, where LensCrafters covers property taxes, insurance, and most property expenses, resulting in low management responsibility for the landlord. The lease is corporately guaranteed by Luxottica of America, Inc., which is owned by EssilorLuxottica. EssilorLuxottica has strong financials and brand recognition, with LensCrafters being one of its leading North American brands. The lease term includes a 10-year initial lease and a 5-year renewal option, providing steady, long-term income. The property is situated near major shopping center tenants such as Amazon Fresh, Best Buy, and TJ Maxx. The property size is 4000 square feet.