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404 State Route 17 N
Paramus, NJ 07652

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
41,988 SF
Building Class
A
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
4.21 AC
Zoning
BIL
Parking
125 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
191 FT on State Route 17 N

Amenities

  • Bus Line
  • Freeway Visibility
  • Signage

About 404 State Route 17 N , Paramus, NJ 07652

CBRE has been retained as the exclusive advisor for the sale of 404 Route 17 North (“the Property”), a 100% leased 41,988± SF grocery-anchored center occupied by Trader Joe’s and HomeSense, fronting directly on Route 17 in Paramus, Bergen County, New Jersey. The center is located on one of the region’s most prestigious and heavily traveled (144,000+ cars per day) retail corridors with incredible demographics. Strong In-Place Income • Stable NOI – 100% leased to national/credit tenants with an in-place income $592,000. • Strong Grocer Anchor/No Near-Term Rollover – HomeSense is a new lease that expires in 2029 and Trader Joe’s recently renewed through 2031 providing no rollover risk for the next 10 years.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-04302-0000-00005
Land Assessment
$8,240,000
Improvements Assessment
$10,488,000
Total Assessment
$18,728,000
  • Listing ID: 14534690

  • Date on Market: 12/3/2018

  • Last Updated:

  • Address: 404 State Route 17 N, Paramus, NJ 07652

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