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Large Parking Lot Attached 888-833-1010 237-251 Market St 1,000 - 8,800 SF of Space Available in Paterson, NJ 07505
HIGHLIGHTS
- 237-251 Market Street presents a highly visible retail strip rounding the corner of a signalized intersection
- Premier retail storefront opportunities are available in a great location to attract many diverse patrons in the busy area.
- Robust local population per square mile most recently recorded in 2020 was 18,986.3 people and continues to grow steadily.
- Directly across the street from a bus line and the Downtown Paterson Central NJ-Transit Train Station.
- Nearby businesses include The UPS Store, Buy & Save Furniture, and Panther Academy, contributing to the immediate retail synergy.
- One availability is a medical office suite partially built out for healthcare operations, enabling a strong standout among the retail tenant mix.
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 239 | 4,000 SF | 9’ - 10’ | 5-20 Years | $104.69 CAD/SF/YR $8.72 CAD/SF/MO $418,776 CAD/YR $34,898 CAD/MO | Modified Gross | |
| 1st Floor, Ste 239-A | 1,200 SF | 10’ - 16’ | 5-10 Years | $104.69 CAD/SF/YR $8.72 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | Modified Gross | |
| 1st Floor, Ste 239-B | 1,000 SF | - | 10-20 Years | $76.78 CAD/SF/YR $6.40 CAD/SF/MO $76,776 CAD/YR $6,398 CAD/MO | Modified Gross | |
| 1st Floor, Ste 239-C | 1,100 SF | 8’ - 18’ | 5-10 Years | $104.69 CAD/SF/YR $8.72 CAD/SF/MO $115,163 CAD/YR $9,597 CAD/MO | Modified Gross | |
| 1st Floor, Ste 251-A | 1,500 SF | 10’ | Negotiable | $104.69 CAD/SF/YR $8.72 CAD/SF/MO $157,041 CAD/YR $13,087 CAD/MO | Modified Gross |
1st Floor, Ste 239
A great corner Rent-A-Center off Market Street and Memorial Drive, a prime Paterson location. Available to divide into four units.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Private Restrooms
- Fully Carpeted
- Corner Space
- High Ceilings
- Drop Ceilings
- Exposed Ceiling
- Emergency Lighting
- Finished Ceilings: 9’ - 10’
- Hardwood Floors
- Smoke Detector
1st Floor, Ste 239-A
Best location in Paterson with large parking lot.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Professional Services Office
- Space is in Excellent Condition
- Finished Ceilings: 10’ - 16’
1st Floor, Ste 239-B
Possibility of adding an internal second floor. Features drive-up retail parking in a high-traffic area.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Space In Need of Renovation
- Central Air and Heating
- Smoke Detector
- Large parking lot.
1st Floor, Ste 239-C
The second floor is included and a large 90-car parking lot.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Health Care Space
- Office intensive layout
- Finished Ceilings: 8’ - 18’
- Space is in Excellent Condition
1st Floor, Ste 251-A
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- High End Trophy Space
- Anchor Space
- Central Air and Heating
- Finished Ceilings: 10’
- Smoke Detector
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.
SELECT TENANTS AT LARGE PARKING LOT ATTACHED 888-833-1010
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Burger King
- Accommodation and Food Services
- -
- -
- Dunkin'
- Donut Shop
- 11,794
- International
- Popeyes
- Fast-food
- 4,001
- International
- Rent-A-Center
- Rental Shop
- 3,245
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Burger King | Accommodation and Food Services | - | - |
| Dunkin' | Donut Shop | 11,794 | International |
| Popeyes | Fast-food | 4,001 | International |
| Rent-A-Center | Rental Shop | 3,245 | International |
PROPERTY FACTS
| Total Space Available | 8,800 SF | Gross Leasable Area | 22,232 SF |
| Property Type | Retail | Year Built/Renovated | 1983/2018 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 40/1,000 SF |
| Total Space Available | 8,800 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 22,232 SF |
| Year Built/Renovated | 1983/2018 |
| Parking Ratio | 40/1,000 SF |
ABOUT THE PROPERTY
Welcome to 237-251 Market Street, a 22,232-square-foot commercial retail center in the heart of Downtown Paterson, New Jersey. The center is prominently located on the corner of Market Street and Memorial Drive, with a 95-space parking lot in the rear. This multi-tenant building has a quality mix of tenants, including three national fast-food franchises (Dunkin', Popeyes Chicken, and a former Burger King now a Pica Pollo), Rent-A-Center, a jewelry store, and local professional/ medical offices. The property has excellent visibility and a convenient drive-through parking lot connecting two of the three cross streets (Memorial Drive and 16th Avenue). Added benefits include being directly across the Street from a bus line and the only Downtown Paterson Central NJ Transit train station. Paterson is approximately 22 miles east of New York City, or a 45-minute drive via the Garden State Parkway. Interstate 80 cuts east-west across the city, and Route 19 cuts north-south. Buses are a prevalent way to get around, and many neighborhoods are lined with stops. Part of Paterson’s urban fabric is the preponderance of sidewalks in neighborhoods, making walkability another standout feature of the city. Paterson offers affordability and a good quality of life for its residents. The 5-mile realm surrounding 237-251 Market Street has a growing population of 538,053 residents, generating a robust consumer spending power of $5.9 billion annually. This is a stable realm, with the average household income surpassing $105,100. Entertainment, hobbies, and pets, as well as transportation and maintenance, generate more than $1 billion in specified consumer spending, with households close behind generating over $9 million.
- Corner Lot
- Restaurant
- Tenant Controlled HVAC
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
Presented by
Market Street Realty Corp
Large Parking Lot Attached 888-833-1010 | 237-251 Market St
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