Village Square Plaza 510-590 Village Square Blvd
53,077 SF 98% Leased Retail Building Lawrenceville, NJ 08648 $11,948,000 ($225/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 97% occupied with 15 separate tenants
- Anchored by First Bank ($286M Deposits) - 2nd largest deposits out of any of the 15 First Bank locations
- Nearly all tenants on net leases with each tenant responsible for their proportionate share of taxes, insurance, and CAM
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
53,077 SF
Building Class
C
Year Built
1990
Price
$11,948,000
Price Per SF
$225
Cap Rate
7%
NOI
$836,169
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
7.67 AC
Zoning
NC-2 - Commercial
Parking
250 Spaces (4.71 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 582
- 1,016 SF
- Restaurant
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 582 | 1,016 SF | Restaurant | In-Line | Now |
582
| Size |
| 1,016 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 07-04103-0000-00011 | Improvements Assessment | $4,630,500 |
| Land Assessment | $2,665,500 | Total Assessment | $7,296,000 |
