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Califon Shopping Center 431 County Road 513 32,000 SF 88% Leased Retail Building Online Auction Sale Califon, NJ 07830
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Investment Highlights
- Califon Shopping Center at 431 County Road 513 offers a 32,000-SF value-add retail investment on 3.99 acres in affluent Hunterdon County, NJ.
- A 4,000 SF end-cap suite with drive-thru access provides leasing potential for quick service restaurant, medical, financial, or service users.
- Flexible B-1 zoning accommodates a broad range of retail, medical, restaurant, and service uses, supporting future value creation.
- Anchored by Aquí Supermarket through 2027, the center offers significant upside through re-tenanting, repositioning, or owner/user occupancy.
- Equipped with over 190 parking spaces, prominent signage, and strong visibility support tenant success and drive consistent customer traffic.
- Excellent access to Interstate 78, Routes 22, 57, and 206, near Walgreens and Dunkin', and serves affluent Hunterdon County demographics.
Executive Summary
Califon Shopping Center, located at 431 County Road 513, presents the opportunity to acquire a 32,000-square-foot neighborhood shopping center situated on 3.99 acres in affluent Hunterdon County, New Jersey. Positioned within the highly desirable Route 78 West retail corridor, the asset offers investors a compelling value-add opportunity through the upcoming vacancy of its anchor space while benefiting from strong underlying market fundamentals and limited competitive supply.
Currently anchored by Aquí Supermarket, the center offers significant upside upon the tenant's lease expiration in 2027. The forthcoming anchor vacancy creates a rare opportunity for an owner/user acquisition, strategic redevelopment, or re-tenanting initiative within a market where quality retail space is scarce. In addition, it also features a 4,000-square-foot end-cap suite with drive-thru access, creating an exceptional opportunity to attract a national or regional tenant in the financial services, quick-service restaurants, medical, convenience, or service sectors. Supported by flexible B-1 zoning, Califon Shopping Center can accommodate a broad range of users, providing investors with multiple pathways to unlock value and enhance cash flow.
Strategically located within an established community retail node alongside national and regional operators, including Walgreens, Dunkin', Mavis Tires & Brakes, and other complementary retailers that drive consistent consumer traffic. The center benefits from excellent visibility and accessibility along County Road 513, with convenient connections to Interstate 78, and Routes 22, 57, and 206, providing strong regional connectivity throughout Hunterdon County and the surrounding trade area.
Califon Shopping Center draws from an exceptionally affluent customer base, with household incomes exceeding $184,000 within a 5-mile radius. Combined with the market's high barriers to entry and limited new retail development, the asset is positioned within a supply-constrained environment that supports tenant demand and long-term value creation. The expansive site includes approximately 190 parking spaces, offering a robust 5.93 parking spaces per 1,000 square feet, and supporting a variety of future tenancy configurations.
For investors seeking a well-located retail asset with near-term leasing upside, owner/user optionality, and exposure to one of New Jersey's most affluent suburban markets, Califon Shopping Center represents a differentiated acquisition opportunity.
Currently anchored by Aquí Supermarket, the center offers significant upside upon the tenant's lease expiration in 2027. The forthcoming anchor vacancy creates a rare opportunity for an owner/user acquisition, strategic redevelopment, or re-tenanting initiative within a market where quality retail space is scarce. In addition, it also features a 4,000-square-foot end-cap suite with drive-thru access, creating an exceptional opportunity to attract a national or regional tenant in the financial services, quick-service restaurants, medical, convenience, or service sectors. Supported by flexible B-1 zoning, Califon Shopping Center can accommodate a broad range of users, providing investors with multiple pathways to unlock value and enhance cash flow.
Strategically located within an established community retail node alongside national and regional operators, including Walgreens, Dunkin', Mavis Tires & Brakes, and other complementary retailers that drive consistent consumer traffic. The center benefits from excellent visibility and accessibility along County Road 513, with convenient connections to Interstate 78, and Routes 22, 57, and 206, providing strong regional connectivity throughout Hunterdon County and the surrounding trade area.
Califon Shopping Center draws from an exceptionally affluent customer base, with household incomes exceeding $184,000 within a 5-mile radius. Combined with the market's high barriers to entry and limited new retail development, the asset is positioned within a supply-constrained environment that supports tenant demand and long-term value creation. The expansive site includes approximately 190 parking spaces, offering a robust 5.93 parking spaces per 1,000 square feet, and supporting a variety of future tenancy configurations.
For investors seeking a well-located retail asset with near-term leasing upside, owner/user optionality, and exposure to one of New Jersey's most affluent suburban markets, Califon Shopping Center represents a differentiated acquisition opportunity.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
32,000 SF
Building Class
C
Year Built
1970
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.99 AC
Parcel Number
19-00038-0000-00028
Zoning
B1 - Business
Parking
190 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
250’ on County Road 513
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
4,000 SF Former Bank with drive thru available for lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,000 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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1st Floor
| Size | 4,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
4,000 SF Former Bank with drive thru available for lease.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
About Route 78 West
The Route 78 West Submarket contains the New Jersey communities of Clinton, Whitehouse Station, Lebanon, and Hampton. This more suburban area's retail scene is populated moreso by strip centers than megamalls.
Retailers are drawn to the area's favorable demographics as median incomes are notably above the national average. This gives way to communities with a fair amount of spending power relative to their population size.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
1,614
7,023
21,969
2020 Population
1,591
7,023
21,975
2030 Population
1,642
7,125
22,301
2025-2030 Projected Population Growth
1.7%
1.5%
1.5%
Daytime Employees
721
1,715
3,874
Total Businesses
119
291
612
Average Household Income
$153,179
$174,775
$179,255
Median Household Income
$133,333
$154,839
$156,219
Total Consumer Spending
$25.8M
$116.9M
$363.9M
Median Age
47.9
48.5
46.2
2025 Households
626
2,600
7,884
Percent College Degree or Above
33%
25%
27%
Average Home Value
$501,142
$645,471
$628,844
$ values in USD
Nearby Major Retailers
Sale Advisors
Sale Advisors
Brent Hyldahl, Managing Director Investments
Brent Hyldahl is a retail, medical/office, mixed-use, industrial and net-lease specialist with Marcus & Millichap. Brent exclusively represents buyers and sellers of investment properties throughout the region, and acts in accord with the company-wide mission to help clients create and preserve wealth by providing the best real estate investment sales, financing, research and advisory services available. He works with both sell-side and buy-side clients, representing 1031 exchange buyers, private investors, and private owners.
Alan Cafiero, Senior Managing Director Investments
Alan Cafiero leads the largest team of investment sales agents in the New Jersey Marcus & Millichap office who focus on representing owners and developers in the disposition of commercial real estate assets. Alan specializes in selling net lease properties, retail shopping centers, office and industrial properties in New Jersey and the Northeast. After 14+ years in the business, Alan has closed over 450 transactions totaling over $1.6 Billion of real estate.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
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Auction Contact
Victoria Quade
Contact
Auctioneer License:
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Califon Shopping Center | 431 County Road 513
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