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Crossroads at Somerset 435 Elizabeth Ave 2,000 SF of Retail Space Available in Somerset, NJ 08873
HIGHLIGHTS
- Frontage on Elizabeth Avenue
- Strong daytime Population - 52,000 + within 3 miles
- ShopRite Anchor Draw
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
441 Elizabeth Ave - 1st Floor
2,000 sf unit available
- Located in-line with other retail
- Central Air and Heating
- 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 CROSSROADS AT SOMERSET
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Frank's Pizza
- Restaurant
- 1
- -
- Panera Bread
- Bakery
- 2,853
- International
- Shop Rite
- -
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Frank's Pizza | Restaurant | 1 | - |
| Panera Bread | Bakery | 2,853 | International |
| Shop Rite | - | - | - |
PROPERTY FACTS
| Total Space Available | 2,000 SF | Center Properties | 3 |
| Center Type | Neighborhood Center | Gross Leasable Area | 102,291 SF |
| Parking | 200 Spaces | Total Land Area | 14.03 AC |
| Stores | 12 | Year Built | 2012 |
| Total Space Available | 2,000 SF |
| Center Type | Neighborhood Center |
| Parking | 200 Spaces |
| Stores | 12 |
| Center Properties | 3 |
| Gross Leasable Area | 102,291 SF |
| Total Land Area | 14.03 AC |
| Year Built | 2012 |
ABOUT THE PROPERTY
NNN: $10.50 psf (est) Parking: 585 Stalls GLA: 1118,738 Co-Tenants: ShopRite, Panera Bread, Dental Care of Somerset, Hand and Stone, Frank's Pizza, My Salon Suites, Ivy Rehab, Poke Star, Luxi Nails, Wireless Zone, Unity Rd Cannabis, Wells Fargo, Prime IV, Artistry Through Movement Neighbors: Dunkin', Chase Bank, CVS Pharmacy, The UPS Store, Regal Bank, Mavis Discount Tire, Childtime of Somerset, Wine Vista, Dollar Tree, SportClips, Smoothie King Comments: - Excellent Household incomes in the immediate trade area - ShopRite anchor draw - Strong daytime population - 52,000 + within 3 miles - 6,000 + new residences built or in development close in proximity to site - National Co-Tenants This almost 30,000 SF freestanding retail center sits on almost 5 Acres and has 157 feet of frontage on Elizabeth Avenue. Approximately 30,000 customers per week are drawn to the anchor tenant and 6,000+ new residences have been built or are under development.
NEARBY MAJOR RETAILERS
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Crossroads at Somerset | 435 Elizabeth Ave
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