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118 Godwin Ave 5,000 SF Retail Building Midland Park, NJ 07432 $5,402,415 CAD ($1,080.48 CAD/SF) 5.45% Cap Rate
Investment Highlights
- Fully Stabilized, 100% Occupied Retail Center: Two-tenant property anchored by 7-Eleven and Fiona’s Italian Restaurant.
- High-Barrier-to-Entry Market: Midland Park, Bergen County is known for limited new retail development opportunities
- Flexible Zoning (B-1): Permits a variety of future tenant uses and potential redevelopment opportunities.
- Prime Bergen County Location: Located at the signalized intersection of Godwin Ave, Goffle Rd, and Vreeland Ave, offering excellent visibility.
- Attractive Parcel & Parking: Situated on a ±0.86 AC with ±5,000 SF GLA and an exceptional 76 parking spaces (15.2/1,000 SF).
- Expansion Potential: Opportunity to add approximately ±2,800 SF of additional space, creating meaningful value-add upside for investors.
Executive Summary
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Building Class
B
Year Built
1978
Price
$5,402,415 CAD
Price Per SF
$1,080.48 CAD
Cap Rate
5.45%
NOI
$294,432 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.86 AC
Zoning
B-1
Parking
76 Spaces (15.2 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-00018-0000-00001 | Improvements Assessment | $502,958 CAD |
| Land Assessment | $1,279,446 CAD | Total Assessment | $1,782,404 CAD |
Property Taxes
Parcel Number
35-00018-0000-00001
Land Assessment
$1,279,446 CAD
Improvements Assessment
$502,958 CAD
Total Assessment
$1,782,404 CAD
Contacts
-
Michael Tamir -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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118 Godwin Ave
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