livingston, new jersey€¦ · livingston is the perfect mix of suburban living, diverse shopping...

437 ROUTE 10 EAST(MOUNT PLEASANT AVE)

Livingston, New Jersey8,105 sf available for lease or sale

SIGNAGESIGNAGE

4 3 74 3 7

Proposed Facade Renovation

SIGNAGESIGNAGE

4 3 74 3 7

Proposed Facade Renovation Spring 2019437 Route 10 East

L I V I N G STO N , N E W J E RS E Y

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Space Available 8,105 sf (divisible)

Asking Rent Upon Request

NNN $7.00 per sf est

Possession Immediate

Parking 50 Car

Neighboring Tenants

Men’s Wearhouse, Olive Garden, Mattress Firm, The Container Store, Bottle King, CVS Phar-macy, Dunkin’ Donuts, Bassett Furniture, Safavieh Home, Hand and Stone, Shake Shack, Club Pilates, Fortunoff Backyard Store, Jos. A. Bank, Staples, Blinds To Go, Cost Plus World Market, Nordstrom Rack, Starbuck’s, Verizon, BuyBuyBaby, TJ-Maxx, DSW, St. Barnabas Hospital, Cedar Hill Country Club, Professional Law, Accounting, and Medical Offices

Comments

• For lease or for sale• Free standing building• Loading area• Great storefront signage• Prime location in the heart of the Route 10 retail corridor• Excellent highway exposure and access• Immediately west of Livingston Circle

437 ROUTE 10 EAST(West Mt Pleasant Road)Livingston, New Jersey

8,105 sf available for lease or sale

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3MILE RADIUS

48,931Overal l Populat ion

59,677Employee Populat ion

$189,658Average HHI

60.5%Bachelor ’s Degree or Higher

63.9%Annual HHI of $100k+ 4

437 Route 10 EastL I V I N G STO N , N E W J E RS E Y

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The Shoppes atThe Livingston Circle

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Novartis Pharmaceuticals

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ParkVue at Livingston

220 luxury units

33,745 VPD

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New JerseySchool of Ballet

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www.NJTaxMaps.com

Block: 5901Lot: 2Zoning: B-1Land SF: 44,866 SFAcres: 1.03 AcresTaxes: $45,846.00 (2016)

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Tax Map

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B U C H H O L ZARCHITECTS

123 COLUMBIA TURNPIKES U I T E 2 0 4 AFLORHAM PARK, NJ 07932

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O V E R 2 5 Y E A R S O F D E S I G N

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C O P Y R I G H T T H E B U C H H O L Z A R C H I T E C T U R A L G R O U P P CNOT VAL ID FOR BUILDING UNLESS SIGNED AND SEALED BY ARCHITECT

THESE PLANS ARE THE PROPERTY OF THE ARCHITECT AND MAYNOT BE COPIED, REUSED, OR ALTERED WITHOUT HIS APPROVAL.

N E W Y O R KPENNSYLVANIA

21A I00 881 60 00 1 6 3 4 2 - 1R A 0 1 3 2 8 8 B

2015

EXISTING CONDITIONS PLAN

437 WEST MOUNT PLEASANT AVENUELIVINGSTON, NJ07039

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Existing Condition Plan

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Route 10 is one of New Jersey’s finest shopping corridors. 31,604 vehicles per day travel this route to shop, commute and work. Major national retailers line the corridor, including REI, Saks Off 5th, Nordstrom Rack, Target, Home Depot, Dick’s Sporting Goods, Best Buy

and Costco. National restaurants from McDonald’s to TGI Friday’s to Applebee’s and fine local restaurants are also found here. The Route 10 corridor funnels right into The Livingston Circle.

1 Route 10 Corridor

This center sits in affluent Livingston at “the circle,” centrally located to capture surrounding wealthy neighborhoods in Essex and Morris Counties. It is in close proximity to Route 280 on one side, Livingston Mall on the other and is surrounded by corporate and professional office buildings, driving the daytime population counts.

2 The Shoppes at The Livingston Circle

The Livingston Circle is the epicenter of Livingston retail , bringing quality of “live, shop, dine” experience to both local residents and from miles away.

3 The Livingston Circle

High income residential development with a “town center” retail component, Livingston Town Center, located on South Livingston Avenue, connects via Route 10 to The Livingston Circle.

4 Livingston Town Center

Livingston’s original Main Street, where many restaurants, banks, custom high end watch stores, jewelers, and boutique clothing stores cater to wealthy surrounding communities.

5 South Livingston Avenue

Livingston Mall is a major regional mall anchored by Macy’s, Lord & Taylor and Sears, with a total GLA of 985,000 sf and gross sales of $210 million, and is 1.9 miles and a 4 minute drive time on the Eisenhower Parkway south of The Livingston Circle.

6 Livingston Mall

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Route 280/GSP/Turnpike

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Livingston High School

116,749 AADT East

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Livingston Mall

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Westminster HotelAAA Four Diamond Hotel

31,604 VPD

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21,640 AADT

13,517 AADTCedar Hill Golf& Country Club

Livingston Town Center

TheLivingston

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437 Route 10 EastL I V I N G STO N , N E W J E RS E YInterior and Exterior Photos

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Livingston is the perfect mix of suburban living, diverse shopping and convenient first class office parks. Located on the Eisenhower Parkway, at the western edge of Essex County, it has access via Route 280 to the Garden State Parkway, the New Jersey Turnpike, Interstate 80 and 287, and State Routes 10, 24, 78 and 46 and is just 25 miles west of New York City.

The trade market area comprises over 275,000 potential customers with a high level of disposable income. The population provides retailers with a large pool of educated, talented and motivated shoppers.

Major regional draws include the prestigious St. Barnabas Medical Center (22,000 employees), Cedar Hill Golf & Country Club, The New Jersey School of Ballet, numerous prominent legal and accounting firms.

Location

Livingston is the hub of economic activity in the region, a destination where people find shopping, professional, leisure and commercial offerings.

Key Factors to Success: • An upscale, educated population• Households with disposable income well above the national average• A diverse, professional work force• Central placement in a superior regional market.

Market Area


Trade Area - 5mile Radius

• Livingston• East Hanover• Essex Fells• Maplewood• Millburn/Short Hills• Roseland• South Orange• West Orange• Whippany

• Caldwell• Chatham• Florham Park• Hanover Township• Montville• Springfield• Summit• North Caldwell• West Caldwell

Trade Area - Primary Market

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66% Top TierHousehold Type: Married CouplesHousing: Single FamilyWe’ve achieved our corporate career goals and can now either consult or operate our own businesses. We’re married couples with older children or without children. Every home maintenance chore in our lav-ish homes is handled by a variety of contracted services. We can indulge ourselves in personal services at upscale salons, spas, and fitness centers, shop specialty supermarkets and high-end retailers for anything we desire. We travel frequently, sparing no expense in taking luxury vacations or visiting our second homes in the US and overseas. Evenings and weekends are filled with opera, classical music concerts, charity din-ners, and shopping. We support the arts and other charities, read to expand our knowledge, and depend on the Internet, radio, and newspapers for information. Spending time with family and a small circle of close family friends is a priority.

10% Urban ChicHousehold Type: Married CouplesHousing: Single FamilyWe’re well-educated, married couple families and singles who live in the suburbs of major metros on both coasts. Professional and managerial positions in technical and legal occupations fund our exclu-sive, upscale, and sophisticated lifestyles. Portfolios are healthy, filled with stocks, bonds, and real es-tate investments. Our houses range in style from pre-war to new construction, high-rises or single-fam-ily homes; two-thirds of us own our homes. Tech savvy, we’re tops for owning Apple products, and use our devices to shop, bank, and research information. Leisure time is spent visiting museums, traveling, drinking imported wine, going out to the movies, skiing, and practicing yoga.

10% Professional PrideHousehold Type: Married CouplesHousing: Single FamilyWe’re well-educated, two income, goal-oriented professionals who prospered during the Great Re-cession. To support our upscale suburban lifestyle, both parents work, tolerating long hours and long commutes. Our schedules are complicated, balancing work and activities for our school-aged kids. Because we’re all so busy, organization is critical to daily life. To save time, we contract for home maintenance services such as housekeeping and professional cleaners. We’re experts on all of our devices. Financially savvy, we continue to invest wisely and grow our portfolios. Interest payments and dividends boost our household income. The comforts of home are priorities; we’re proud of our picture-perfect homes, constantly upgrading, and will spend time and money on projects. Everyone in the family reads on tablets, e-readers, or smartphones, but prefer hard copies of epicurean, home, or sports magazines.

Demographics

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Population of 275,000+

Median Age: 42(55% of population is in the

prime demographic age range of 15 to 54, which is

the major consumer range of goods & services)

47% - managerial/professional38% - technical/sales/administrative

29.7% holds a bachelor's degree or more

Trade Area (1 mile)Avg HH Income

$184,485(36% of HH have an income in excess of $204,360/year.)

Ethnicity BreakdownCaucasian 80%Asian 15%Hispanic 3%African-American 2%

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1 mile radius 3 mile radius 5 mile radiusPopulation

2018 Estimated Population 5,943 49,631 155,2642023 Projected Population 5,991 49,843 155,871

2010 Census Population 5,793 48,929 151,0542000 Census Population 4,902 46,060 143,451

2018 Median Age 44 44.8 42.7

Households2018 Estimated Households 2,102 18,000 57,5502023 Projected Households 2,155 18,441 59,012

2010 Census Households 1,985 17,301 54,5632000 Census Households 1,611 15,954 52,000

Projected Annual Growth 2018 to 2023 0.5% 0.5% 0.5%Historical Annual Growth 2000 to 2018 1.7% 0.7% 0.6%

Households by Race2018 Estimated White 71.8% 76.1% 76.0%

2018 Estimated Black or African American 3.1% 2.7% 6.4%2018 Estimated Asian & Pacific Islander 22.9% 19.0% 14.5%

2018 Estimated American Indian & Native Alaskan 0.1% 0.1% 0.1%2018 Estimated Other Races 2.1% 2.1% 3.0%

2018 Estimated Hispanic 4.7% 5.4% 7.1%

Income2018 Estimated Average Household Income $225,000 $192,960 $191,9962018 Estimated Median Household Income $171,418 $149,077 $147,235

2018 Estimated Per Capita Income $79,627 $70,033 $71,262

Education (Age 25+)2018 High School Graduate 12.7% 17.9% 16.5%

2018 Some College 8.9% 11.1% 10.8%2018 Associates Degree Only 4.5% 5.0% 4.8%2018 Bachelors Degree Only 41.2% 34.4% 34.6%

2018 Graduate Degree 27.3% 26.5% 28.6%

BusinessNumber of Businesses 520 4,269 9,989

Total Number of Employees 5,711 57,817 134,552

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Licensed Real Estate Broker. All Information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, rental prior sale and withdrawal notices

Whether it is financial services, high end designers, new retail concepts, big boxes or major owners and developers; Ripco can implement storefront strategies. We understand retail real estate in New Jersey has an intrinsic value and we can help in ascertaining that worth for both retailers and developers. This information has been secured from sources we believe to be reliable, but we make no representations as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Florian [email protected]

Ryan [email protected]

201.777.2300

125 Chubb AvenueSuite 150 S Lyndhurst, NJ 07071

www.ripconj.com

EXCLUSIVE REPRESENTATION

livingston, new jersey€¦ · livingston is the perfect mix of suburban living, diverse shopping...

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