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106 Sparta Ave Newton, NJ 7860

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Five-unit strip mall with long-term NNN leases and diverse tenants.

Type:Retail
Lot size:
1.71 Acres
Added:
Nov 14, 2024
Days on Market:
517
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 106 Sparta Ave

General Information

Standard status
Active
Lot size
1.71 Acres
Property subtype
Retail

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Listing Contact
Michael Todaro

Listing agent Michael Todaro License #NJ 9909565

Listing office Michael Properties

Listing date Nov 14, 2024

Source Crexi

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 Michael Properties


Overview

Fully Occupied Strip Mall Investment

This five-unit strip mall, situated on 1.71 acres, presents an investment opportunity. The property is fully occupied with tenants under long-term NNN leases, providing consistent cash flow. Anchored by QuickChek, the tenant lineup includes a laundromat, community college classroom space, an arts and crafts store, and Krave Restaurant. The one-story structure has over 60 parking spaces. Located on a busy road with high visibility, the strip mall benefits from a steady flow of traffic and a history of stable tenancy.
Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newton
County
Sussex
State
New Jersey
Longitude
-74.7461522
Latitude
41.0476005

FAQs

What type of property is this?
Strip mall - Five-unit strip mall with long-term NNN leases and diverse tenants.
Where is this strip mall located?
The property is located at 106 Sparta Ave Newton, NJ.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Fully occupied five‑unit strip mall with long‑term NNN leases ensuring consistent cash flow.; Anchored by QuickChek and includes high‑demand tenants providing a diverse and stable income stream.; Located on a busy road with high visibility, attracting a steady flow of traffic.
More about this property
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