437 Us-46 Rockaway, NJ 07866
Rockaway River Commons offers exceptional retail space in a thriving Morris County location. This 188,594 square foot shopping center is situated on a 19.7-acre lot at 437 US-46 in Rockaway, NJ, 07866. The property boasts a strong anchor tenant, ShopRite, along with other established businesses such as TJ Maxx and Dollar Tree. Currently, there are 6,054 square feet of vacant space available, divisible into units ranging from 1,957 to 4,097 contiguous square feet, providing flexibility for various retail concepts. The center features 849 parking spaces for ample customer convenience. Its prime location on Route 46 benefits from a traffic light at the entrance, ensuring high visibility and accessibility. Furthermore, the center offers convenient back-street access, enhancing shopper experience. The prominent Popeye's and Applebee's pad sites further contribute to the property's strong visibility from Route 46. This well-established center presents a unique opportunity for businesses seeking a high-traffic location within a densely populated suburban area. The property's size and existing tenant mix create a vibrant and attractive retail environment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.