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Dollar General Mixed-Use Building 600 Bloomfield Ave

14,587 SF 100% Leased Retail Building Bloomfield, NJ 07003 $4,084,000 ($280/SF) 6.27% Cap Rate

Investment Highlights

  • Long Term Lease
  • Hedge Against Inflation
  • Strategic Location
  • Attractive Rent Increases
  • Investment Grade Credit
  • Transit Oriented Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 600 Bloomfield Avenue in Bloomfield, New Jersey (“the Property”). The investment property is comprised of a two-story mixed-use building with commercial space on the first floor and residential units on the second floor. The Property has five (5) total units comprised of one (1) commercial unit leased to Dollar General, and four (4) residential units with 14,578 square feet of leasable space on a 0.27-acre parcel of land. The Property is strategically located along Bloomfield Avenue, the area’s primary commercial and commuter corridor. The Property is seconds from the signalized intersection of Bloomfield and Glenwood Avenues and Washington and Broad Streets. Located in the heart of a densely populated neighborhood, 600 Bloomfield Avenue enjoys close proximity to area shopping and dining and is close to several Train Stations with direct service to Manhattan’s Penn Station, and is 5-miles from Newark’s Penn Station. The Property also offers convenient access to the Garden State Parkway, NJ Route 21, and Interstate 280 as well as area schools, national retailers and restaurants, and the Mountainside and Clara Maass Medical Centers. Bloomfield is a residential suburb of New York City, located in Essex County. The community is 15-miles west of New York City.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,587 SF
Building Class
B
Year Built/Renovated
1928/2022
Price
$4,084,000
Price Per SF
$280
Cap Rate
6.27%
NOI
$256,028
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.27 AC
Zoning
C - Commercial
Parking
14 Spaces
Frontage
38 FT on Bloomfield Avenue

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dollar General
  • Retailer
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dollar General Retailer - - -
Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

IHOP
Woodforest National Bank
Foodtown
F45 Training, Inc.
Santander
Starbucks
Powerhouse Gym
PNC Bank
Bank of America
Krauszer's Food Stores

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-00227-0000-00022
  • 02-00227-0000-00020
Land Assessment
$688,400
Improvements Assessment
$655,700
Total Assessment
$1,344,100
  • Listing ID: 33508817

  • Date on Market: 4/19/2024

  • Last Updated:

  • Address: 600 Bloomfield Ave, Bloomfield, NJ 07003

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