River Road Shopping Center_Property for Sale
River Road Shopping Center_Property for Sale
17-77 River Road, Fair Lawn, NJ, 07410, US

River Road Shopping Center

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of River Road Shopping Center (the “Property”), a value-add neighborhood center situated in Fair Lawn, Bergen County, New Jersey. River Road Shopping Center features over 92,523 SF of prime retail space across three separate buildings and boasts a notable tenant roster including ShopRite, Sherwin Williams (BBB, S&P), a standalone Walgreens structured on a long-term lease, as well as several in-line tenants. The Property is currently 89% leased offering significant upside potential through the lease-up of the existing vacancy as well as mark-to-market potential for select suites. ShopRite, New Jersey’s top grocer, is currently dark with less than one year of remaining term, presenting investors the unique opportunity to re-lease the space upon expiration. Additionally, the Property’s favorable zoning within the River Road Business District which allows multifamily redevelopment potential as-of-right enables investors to fully reposition the building while secured by durable, in-place income.

 


River Road Shopping Center presents investors the rare opportunity to acquire a well-located neighborhood center with national tenancy, unprecedented value-add upside, and redevelopment potential located in the densely populated Bergen County submarket.

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Attributes

Building area net
8,596 sm
Occupancy
89%
Year built
1962
Land area gross
2.61 ha

Media

Investment highlights

Well-Located Neighborhood Center with Immediate Leasing Upside

Multi-Housing Redevelopment Potential

Exceptional Market Fundamentals and Demand Drivers

Powerful Demographic Profile in an Easily Accessible Location

River Road Shopping Center 4_Property for Sale

Contact brokers

River Road Shopping Center (0 Properties)

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Last updated
Apr 12, 2024