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Market Place at Franklin State Highway 27
54,480 SF of Retail Space Available in Somerset, NJ 08873
Highlights
- Close to Route 287 & Major Shopping Destinations
- Area Poised for Growth
- Located Near Rutgers University, and Robert Wood Johnson & St. Peter’s Hospitals
- Situated along NJ Route 27 in Franklin
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 54,480 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1221 State Route 27 - 1st Floor
- Highly Desirable End Cap Space
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT Market Place at Franklin
- Tenant
- Description
- US Locations
- Reach
- Stop & Shop Supermarkets
- Supermarket
- 636
- National
| Tenant | Description | US Locations | Reach |
| Stop & Shop Supermarkets | Supermarket | 636 | National |
PROPERTY FACTS FOR State Highway 27 , Somerset, NJ 08873
| Center Type | Neighborhood Center | Gross Leasable Area | 74,130 SF |
| Parking | 512 Spaces | Total Land Area | 9.54 AC |
| Center Properties | 2 | Year Built | 2009 |
| Frontage | 353’ on Route 27 |
| Center Type | Neighborhood Center |
| Parking | 512 Spaces |
| Center Properties | 2 |
| Frontage | 353’ on Route 27 |
| Gross Leasable Area | 74,130 SF |
| Total Land Area | 9.54 AC |
| Year Built | 2009 |
About the Property
-54,480 SF anchor position available for lease -Close to Route 287 & major shopping destinations -Near Rutgers University, Robert Wood Johnson & St. Peter’s Hospitals, Johnson & Johnson, etc. -Area poised for growth -Close proximity to NJ Route 27 in Franklin
- Freeway Visibility
- Signalized Intersection
Nearby Major Retailers
Presented by
Market Place at Franklin | State Highway 27
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