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Park Plaza 343-351 State Route 34 61,750 SF 91% Leased Retail Building Matawan, NJ 07747 $21,896,000 CAD ($354.59 CAD/SF) 7.18% Cap Rate
Investment Highlights
- Anchored by Dunkin' with Drive-Thru, Palms Plaza Catering, Paramount Fitness, and Golf Republic
- The Property has a Diversified Roster of 20 Tenants Including Dining, Lifestyle, and Neighborhood Retail
- Most Tenants Have Annual Rent Increases Providing a Hedge Against Inflation, and Steady Rent Growth
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
61,750 SF
Building Class
C
Year Built
1986
Price
$21,896,000 CAD
Price Per SF
$354.59 CAD
Cap Rate
7.18%
NOI
$1,573,152 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.86 AC
Zoning
CC
Parking
316 Spaces (5.12 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Can potentially be combined with A02 for 5,400 SF in 10/26
Available 10/26; can be combined with A01
Previously occupied by Kickboxing Plus; available immediately
| Space | Size | Space Use | Position | Available |
| A01 | 3,600 SF | Retail | End Cap | Now |
| A02 | 1,800 SF | Retail | In-Line | Oct 2026 |
| A08 | 1,800 SF | Retail | In-Line | Oct 2026 |
A01
| Size |
| 3,600 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
A02
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Oct 2026 |
A08
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Oct 2026 |
A01
| Size | 3,600 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Can potentially be combined with A02 for 5,400 SF in 10/26
A02
| Size | 1,800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Oct 2026 |
Available 10/26; can be combined with A01
A08
| Size | 1,800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Oct 2026 |
Previously occupied by Kickboxing Plus; available immediately
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-03231-0000-00017 | Improvements Assessment | $2,342,083 CAD |
| Land Assessment | $1,820,387 CAD | Total Assessment | $4,162,470 CAD |
Property Taxes
Parcel Number
15-03231-0000-00017
Land Assessment
$1,820,387 CAD
Improvements Assessment
$2,342,083 CAD
Total Assessment
$4,162,470 CAD
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Park Plaza | 343-351 State Route 34
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