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583-587 Broad St 1,300 - 4,600 SF of Retail Space Available in Newark, NJ 07102
HIGHLIGHTS
- Foot traffic
- Surrounded by institutions like Rutgers, NJIT, Prudential, Audible.
- Frontage on main thoroughfare
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Left | 3,300 SF | 14’ | Negotiable | $69.80 CAD/SF/YR $5.82 CAD/SF/MO $230,327 CAD/YR $19,194 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste Middle | 1,300 SF | 11’3” | Negotiable | $69.80 CAD/SF/YR $5.82 CAD/SF/MO $90,735 CAD/YR $7,561 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Left
3,300 SF unit with 2,000 SF of storage in basement. Currently being renovated with option to do custom buildout for your business. High ceilings with apartment / office in rear overlooking the unit.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Finished Ceilings: 14’
- Basement
- Common Parts WC Facilities
1st Floor, Ste Middle
Brand new renovated 1,300 SF retail unit in Downtown Newark. Tremendous foot traffic and exposure with 20' of frontage on Broad St. Positioned at the high-traffic Four Corners intersection—one of New Jersey’s busiest—anchored by major pedestrian flow and adjacent to notable landmarks. Surrounded by corporate giants (Prudential, Audible, Panasonic, PSE&G) and educational institutions (Rutgers, NJIT, Essex County Community College). Connected to Newark Penn and Broad Street stations via NJ Transit and Light Rail—ideal for commuter traffic.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Security System
- Drop Ceilings
- Finished Ceilings: 11’3”
- Basement
- 1,300 SF ground floor
- 1,000 SF storage in basement
- Brand new renovation
- High volume of foot and car traffic
- 2 bathrooms and 1 wash station
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 583-587 BROAD ST, NEWARK, NJ 07102
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Crown Fried Chicken
- Restaurant
- 1
- -
- William Raveis Real Estate
- Real Estate
- 239
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Crown Fried Chicken | Restaurant | 1 | - |
| William Raveis Real Estate | Real Estate | 239 | National |
PROPERTY FACTS
| Total Space Available | 4,600 SF | Gross Leasable Area | 14,000 SF |
| Property Type | Retail | Year Built | 1935 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 4,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 14,000 SF |
| Year Built | 1935 |
ABOUT THE PROPERTY
Newly renovated mixed-use building.
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS
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583-587 Broad St
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