Map of Property

260 North Ave E

For Lease

260 North Ave E, Westfield, NJ 07090

For details on retail space available at 260 North Ave E, see the property details section below. Visit the location details section for additional info on access to and from the property, as well as regarding nearby amenities. For any questions of particular interest or to request a tour of the listing, reach out using the contact form or broker details listed below.

Contacts

broker

Lynn Granger

Highcap Group

Property Details

  • Property Type Retail
  • Property Size 23,260 SF
  • Lot Size 1.44 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Mar 8, 2021

100% OCCUPIED, NO NEGATIVE COVID ISSUES, CURRENT NOI: $1,084,315


2 Free standing retail buildings with a large shared parking lot (parking lots very rare for this area). 1 Building is fully occupied by Walgreens with 23,424 SF and a corporate guarantee expiring in 2030 and paying below market rent for such a strong store.
Building 2 has 7,800 Sq. Feet with 5 stores with local retailers including National store Supercuts. All leases including Walgreens are NNN. Property was repainted with new awnings, and lot being blacktopped and re-striped after winter.

Prime Westfield, New Jersey, right in the middle of town. Very high average household income and strong demographics. Property has very large frontage. HUGE DEVELOPMENT OPPORTUNITY when Walgreens expires in 2030.

PRICE REDUCED TO 19.875 MILLION -- 5.5% CAP RATE !!!

Please inquire for more info

Josh Goldflam at 646-546-5880 or [email protected]

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 97/100

    Walk Score ®

  • 41/100

    Transit Score ®

  • 49/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Westfield, NJ
  • Neighborhood Downtown Westfield
  • Zip Code 07090
  • Market New Jersey

Points of Interest

  • Westfield

    0.21 miles

  • Garwood

    1.00 miles

  • Cranford

    2.18 miles

  • Fanwood

    2.26 miles

  • Netherwood

    3.45 miles

  • Roselle Park

    4.27 miles

  • Murray Hill

    4.38 miles

  • Plainfield

    4.58 miles

  • Summit

    4.64 miles

  • Rahway

    4.68 miles

  • RaceWay

    0.12 miles

  • Exxon

    0.14 miles

  • BP

    0.26 miles

  • Sunoco Gas Station

    0.63 miles

  • Hess

    0.93 miles

  • Shell

    1.25 miles

  • Exxon

    1.62 miles

  • Citgo

    1.88 miles

  • Express Fuel

    1.89 miles

  • Omega

    2.14 miles

  • School Parking

    1.66 miles

  • School Parking

    1.79 miles

  • Cranford Square Parking

    1.94 miles

  • School Parking

    2.00 miles

  • Parking garage

    2.02 miles

  • SMS Parking

    2.10 miles

  • Cranford Train Parking

    2.16 miles

  • Cleveland Plaza Parking

    2.17 miles

  • Town Hall Parking

    2.29 miles

  • School Parking

    2.46 miles

  • Nagoya

    0.04 miles

  • Xocolatz

    0.05 miles

  • Manhattan Bagel

    0.06 miles

  • Westfield Diner

    0.07 miles

  • Domino's

    0.11 miles

  • Dunkin'

    0.14 miles

  • Turning Point

    0.16 miles

  • Rooster Spin

    0.17 miles

  • Brick Oven Pizza

    0.19 miles

  • Ferraro's

    0.20 miles

  • Vine Ripe Market

    0.22 miles

  • Trader Joe's

    0.35 miles

  • Stop & Shop

    0.47 miles

  • Kings

    1.17 miles

  • Acme

    2.11 miles

  • Clarktown Shoping Center

    2.19 miles

  • Target

    2.44 miles

  • Whole Foods Market

    2.47 miles

  • ShopRite

    2.54 miles

  • Marshalls

    2.57 miles

260 North Ave E Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    260 North Ave E is located in Downtown Westfield, which is home to a total of 3 listing(s). The rent for retail space at 260 North Ave E is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Downtown Westfield is 41. The average household income here is $185,093 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Lynn Granger

Highcap Group

  1. 1Main information
  2. 2Extra information