Fully Occupied Strip Mall
106 Sparta Ave Newton, NJ 07860
106 Sparta Ave, Newton, NJ, 07860
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For Sale
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Five-unit strip mall with long-term NNN leases and diverse tenants.
Lot Size1.71 Acres
Days on Market609
Property Features for 106 Sparta Ave
General Information
- Standard status
- Active
- Lot size
- 1.71 Acres
- Property subtype
- Retail
Listing Agency
Michael Properties
Listed by
Michael Todaro · License #NJ 9909565
Source
Crexi
Added: Nov 14, 2024 Checked: Jul 16 at 9:22 am
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
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.
