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Property profile & analytics
FOR LEASE
Commercial real estate

327 Franklin Ave Wyckoff, NJ 07481

2,252 SF 19.04 ac lot Built 1949
Entity Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US59-1311052
Property summary
AI-generated overview

Boulder Run Shopping Center in Wyckoff, New Jersey, offers a fantastic retail opportunity within a thriving, redeveloped center. This bustling shopping destination, located at 327 Franklin Ave, 07481, in northwestern Bergen County, features a diverse mix of national and local tenants. Currently, there is 3,774 square feet of vacant storefront space available, divisible to a minimum of 1,750 square feet and with a maximum contiguous space of 1,800 square feet. The center boasts a total of 175,622 square feet of retail space, anchored by a 30,000 square foot Marshall's and a 73,000 square foot Super Stop & Shop. In addition to these major anchors, the center includes over 70,000 square feet of specialty retail space occupied by a variety of popular businesses such as Goldfish Swim School, European Wax Center, Pure Barre, Mathnasium, GNC, Amazing Lash Studio, Cycle Bar, Starbucks, and PROSE nail salon. The property provides ample parking with 1,000 spaces, offering a generous 5.7 parking spaces per 1,000 square feet of retail space. This prime location in a high-traffic area presents a unique opportunity for businesses seeking exposure in a vibrant and well-established shopping center. The addition of new apartment residences further enhances the center's appeal and customer base.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Construction CONCRETE BLOCKS
Total area 2,252 SF
Lot 19.04 ac (829,382 SF)
APN 70 00216- 01-00024- 01
UPID US59-1311052
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Salons By JC Wyckoff Hair Salon Nail Salon
  • Kristen Marie Hair Hair Salon
  • Haven Square LLC Hair Salon
  • Hackensack Meridian Urgent Care PLUS - Wyckoff Medical Clinic
  • Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
$485k
Comparable Approach Comparable
$631k
Blend (final) Blend
$605k
Owner & transaction history
Munico Associates · 17 yrs held
Munico Associates
since 2008
4 recorded transactions
2008
$250,000
2008
$1.2M
2008
$1.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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