509 - 513 w. union avenue, bound brook, nj...licensed real estate broker william p. ray, senior vice...
TRANSCRIPT
EFINGER PLAZA • +/- 5,000 to +/- 21,500 SF509 - 513 W. Union Avenue, Bound Brook, NJ Perfect for Omnichannel Retail SiteFEATURES:
FOR SALE:
$9,850,000
FOR LEASE: $19 - $24.50 PSF NNN
2nd Fl: TBD
AVAILABLE:+/- 5,000 SF to+/- 21,500 SF
2nd Fl Mezzaine: +/- 21,500 SF
ANNUAL TAXES: $6.04 PSF
INSURANCE: $0.50 PSF
CAM: $2.00 PSF
+/-2.9 ACRES
All information is from a source deemed reliable, however no representation, expressed or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omission, change of price, rental or other conditions imposed by our principals.
Licensed Real Estate Broker
William P. Ray,Senior Vice President
Office: 732.204.1123 Cell: 908.581.6267
FOR DETAILS:
PRICE REDUCTION!
EFINGER PLAZA – 509 - 513 W. UNION AVE., BOUND BROOK, NJ
Somerset County is widely recognized as one of the New Jersey’s most prosperous regions in the state. The county contains over 14,000 businesses that include some of the world’s largest companies maintaining corporate offices and headquarters in the immediate area such as Pfizer, Johnson & Johnson, Schering Plough, Aventis, AT&T, Lucent, Verizon and Chubb. Recreational activities include Bridgewater Commons, one of the most prosperous enclosed malls in the state, Spruce Run and Round Valley Reservoirs, two of the largest parks in New Jersey and the area’s Minor League ballpark, which is home to the “Somerset Patriots”. Princeton University (to the south) and Rutgers University (to the east) are each less than 8 miles from the center of this county. As a result of the fine balance, some of the wealthiest communities in the nation call this area home, designating this part of New Jersey as the new “Wealth Belt”. Bound Brook is a historic borough of approximately 1.6 square miles and 10,400 residents – a great place to live, work and play. First settled in the late 1600s, Bound Brook is located along the Raritan River, in the northeastern corner of Somerset County. It sits be-tween two brooks – the Middlebrook to the west along its border with Bridgewater, and the Green Brook (also referred to as the Bound Brook) to the east along its border with Middlesex Borough and Middlesex County. Its size is optimal -- small enough to retain a “small town” flavor, and with its own downtown, but within easy travel distance of all the cultural, economic and transportation resources of the Newark/New York metropolitan area. Bound Brook is conveniently located along the Raritan Valley Line passenger railroad, which runs to Newark and New York City. This region is conveniently located within 35 miles of New York City (to the northwest) and within 50 miles of Philadelphia (to the southwest). Major highways include Routes 202, 206, 22, 28 and Interstate 287 and 78. Because of their patterns, all of these highways are easily accessible to all areas. Area shopping centers include but is not limited to; Bridgewater Commons, Bridgewater Promenade, The Village at Bridgewater Com-mons and Chimney Rock Crossing with a commitment to Whole Foods (coming soon).
BOUND BROOK & SOMERSET COUNTY
EFINGER PLAZA – 509 - 513 W. UNION AVE., BOUND BROOK, NJ
William P. Ray, Senior Vice PresidentOffice: 732.204.1123 • Cell: 908.581.6267 [email protected]
2015 PROJECTION 2 MILE 3 MILES 5 MILES
Population 27,244 59,166 150,544
Median HH Income $78,252 $81,316 $85,274
Average HH Income $98,146 $102,704 $108,257
Median Age 39.5 40.8 41.4
Total Households 10,018 22,186 56,652
Daytime Population 7,215 36,921 113,420
TRAFFIC COUNT AVERAGE DAILY VOLUME
UNION AVENUE & MIDDLEBROOK COURT
19,968
EFINGER PLAZA – 509 - 513 W. UNION AVE., BOUND BROOK, NJ
William P. Ray, Senior Vice PresidentOffice: 732.204.1123 • Cell: 908.581.6267 [email protected]
+/- 5,000 SF to +/- 21,500 SF Available
BRIDGEWATER TRADE AREA MAP
SITE
Middlebrook Center
Distribution Center
The Village at Bridgewater Commons
Bridgewater Promenade
Somerset Shopping Center
Somerville Circle Center
MarketPlace at Manville
Coming SoonChimney Rock Crossing
EFINGER PLAZA – 509 - 513 W. UNION AVE., BOUND BROOK, NJ
William P. Ray, Senior Vice PresidentOffice: 732.204.1123 • Cell: 908.581.6267 [email protected]
The retail center comprises of +/- 36,500 retail situated on +/- 2.9 acres with 143 on-site parking spaces. Efinger Sporting Goods has been operating within Bound Brook since 1909 and moved to their current location on W. Union Avenue 40 years ago. In 2005, a new building was constructed where Efinger occupies space for its retail sales area and an additional 22,000 SF on the 2nd floor for team sales. The ground level has contiguous retail space of +/-21,500 sf divisible to +/- 5,000 sf. Large pylon signage is located on the proper-ty. Neighboring retail include Shoprite Super-market anchored 122,920 sf center with Quest Diagnostics and Bridgewater Promenade (Home Depot, Target, Costco, Michael’s, Bed Bath & Beyond, Applebee’s and Old Navy). One mile from UPS Distribution Center.
• 352’ Frontage on W. Union Avenue• 288’ Frontage on Thompson Avenue• Major corridor of Route 28 West/East• .5 Mile to NJ Transit Bound Brook Train Station• 1.3 Miles from Target, Home Depot, Costco and the Patriots Stadium
PROPERTY DESCRIPTION:
PROPERTY LOCATION:
Zoning: B1-General Business • Rental Rate: $19-$24.50 PSF • Taxes: $6.04 SF