Stafford Park Retail Center_Property for Sale
Stafford Park Retail Center_Property for Sale
215-239 Stafford Park Blvd, Manahawkin, NJ, 08050-2734, US

Stafford Park Retail Center

Asset description

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively offer Stafford Park, a 140,893 square foot, high performing, open air shopping center located in Stafford Township, NJ. The 100% leased Property features a stable, predictable revenue stream from high credit and best-in-class shadow anchors in Target and Costco driving traffic to the Property from the extended trade radius. The Property provides investors a tenant lineup with +13.8 years of weighted average tenure and over 85% of gross income derived from credit and anchor tenancy that includes Dick’s Sporting Goods, Best Buy, PetSmart and more. 


Stafford Park is the center of gravity open air shopping center in the extended trade area along the Garden State Parkway (+24,200 VPD), ranking as the #1 most visited shopping center within a 15-mile radius with over 3.4 million visits over the last 12 months.


Stafford Park offers investors secure, long-term income from an essential tenant base where over 100% of the Property’s gross income is derived from national tenancy. The Property is located in an ideal coastal New Jersey community with direct access and visibility from the highly trafficked Garden State Parkway with a 5-mile population of +52,100 and average household income of $119,578.

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Attributes

Building area net
13,089 sm
Occupancy
100%
Year built
2007
Land area net
7.05 ha
WAULT
4.3 years
Parking spaces
732

Media

Investment highlights

  • Excellent Credit Profile And Stable, Predictable Revenue Stream 
  • Diversified Contemporary Merchandising Mix Servicing The Extended Trade Radius 
  • Quintessential, Best-In-Class Shadow Anchors Driving Consumers From The Extended Trade Radius 
  • Outstanding Leasing Momentum And Tenant Retention
  • Opportunity To Expand Junior Anchor Tenant Lineup & Develop Additional +/- 21 Acres Of Land
  • Situated Within Master-Planned, Mixed-Use Community With 728 Residential Units Built Since 2020
  • Dominant, Center-Of-Gravity Open-Air Shopping Center Servicing The Extended Trade Radius And Seasonal Population That Frequents Long Beach Island And Surrounding Shore Points
Stafford Park Retail Center 4_Property for Sale
Stafford Park Retail Center 4_Property for Sale

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Stafford Park Retail Center (0 Properties)

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Last updated
Feb 27, 2024