1000 Rte Newark, NJ 07112
- Retail properties
- 12,095 SF
Current Use by Public Records
- Retail properties
Property Details for 1000 Rte
- Property size
- 12,095 SF
- Property type
- Retail properties
Description
Seaview Square offers a remarkable 12,095-square-foot retail space available for lease in the thriving Monmouth County market. This single-tenant property is situated within a dominant power center, boasting exceptional visibility and high traffic volume. Located near the intersection of Route 35 and Route 66, the property benefits from a combined daily vehicle count exceeding 90,000 vehicles. Route 35 alone sees over 31,000 vehicles per day, while Route 66 registers over 59,000. Seaview Square attracts over 280,000 visitors monthly, creating a robust customer base. The property enjoys a strong co-tenancy lineup including major retailers such as Target, Costco, three TJX concepts, Burlington, Sephora, At Home, and more, ensuring significant foot traffic and brand synergy. The surrounding area demonstrates high household incomes, exceeding $110,000 annually, and a substantial population base of nearly 150,000 residents within a 5-mile radius. The property offers pylon signage opportunities on both Route 35 and Route 66, maximizing visibility and brand exposure. While the current space is 12,095 square feet, potential divisions are considered. This presents a unique opportunity for a junior anchor tenant seeking a high-impact location within a premier retail destination.
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
- Newark
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2121
- Latitude
- 40.7132
