2550 Rte 22 Union, NJ 07083
- Retail properties
- 5,300 SF
- 0.42 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2550 Rte 22
- Lot size
- 0.42 lot acres
- Property size
- 5,300 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 5,300 square foot freestanding retail building situated on a 0.42-acre lot at 2550 Route 22 East in Union, New Jersey (zip code 07083). The property boasts a long-term NNN lease with ayr wellness, ensuring a stable and predictable income stream. This prime location benefits from exceptional visibility and accessibility, situated directly on Route 22 East, a major thoroughfare experiencing over 80,000 vehicles daily. The building's 5,300 square feet provide ample space for the current tenant, and the strong market rent ensures a healthy return on investment. The property is classified as retail and is offered as a NNN (Net, Net, Net) lease investment. Its location in Union County, New Jersey, provides access to a robust consumer base and a thriving commercial environment. This is an ideal opportunity for investors seeking a stable, high-traffic retail investment in a desirable New Jersey location. The property's size and location make it an attractive asset with significant long-term potential. The existing lease provides immediate cash flow, minimizing vacancy risk and maximizing return. This is a turnkey investment ready for immediate ownership.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Union
- County
- Union
- State
- New Jersey
- Longitude
- -74.3022
- Latitude
- 40.6888
