33858201
***投标人保证金只能通过电汇或银行支票支付。不接受信用卡***
仅可通过预约看房。请联系上市经纪人安排看房。
投资亮点：
• 高质量的杂货店锚定的购物中心
• 具有新的长期租赁的强大锚点
• 多元化的稳定的租金
• 人口密度和收入水平较高的人口统计数据
• 位于优质的添建位置
投资概况：
橡树园康芒斯（以下简称“物业”或“中心”）是位于新泽西州南普兰菲尔德橡树路和公园大道拐角处的一个高质量的ACME锚定杂货购物中心。建于1998年的139,717平方英尺中心分布在七座建筑中，其中的98%由全国和当地零售商占用，其中包括CVS、先遣汽车零件公司、美元树、固特异轮胎、19号健身房、麦当劳和美国富国银行集团等。
橡树园康芒斯提供了一个绝佳的机会，收购该地区最强大的杂货店之一的优质零售中心。自1998年以来，该物业已由A＆P锚定，成为该地区的主要中心。此外，A＆P在2013年投资了大约200万美元的装修，这进一步证明了这个位置的锚点杂货商提供的质量和关注。现在由ACME锚定，延长租约期至2025年4月，中心准备继续取得成功。除了拥有本地区顶级杂货商之外，超过80%的租赁代表全国性诚信承租人。
***$50,000 BIDDER DEPOSIT MUST BE PLACED ONLY BY WIRE TRANSFER. CREDIT CARDS, CASHIER'S CHECK OR PARTICIPATION AGREEMENT WILL NOT BE ACCEPTED.***
Financing Available. Please contact the Michael Klein at 973-549-2005 or mklein@hfflp.com to inquire.
Property tours are available by appointment. Please contact the listing broker to schedule a tour.
Investment Highlights:
• High quality grocery anchored shopping center
• Strong anchor with new long term lease
• Diverse and stable rent roll
• Optimal demographics with dense population and income levels
• Located in a prime infill location
Investment Overview:
Oak Park Commons (the “Property” or “Center”) is a high quality ACME anchored grocery shopping center
located in a prime infill location at the corner of Oak Tree Road and Park Avenue in South Plainfield, New Jersey. The 139,717 square foot center, built in 1998, is spread out among seven buildings and is 98% occupied by a diverse mix of national and local retailers, including CVS, Advance Auto, Dollar Tree, Goodyear Tire, Fitness 19, McDonald’s and Wells Fargo.
Oak Park Commons presents an excellent opportunity to acquire a premiere retail center with one of the strongest grocers in the area. Formerly anchored by A&P since 1998, the Property has established itself as the dominant center in the area. In addition, A&P invested approximately $2 million in renovations in 2013 which further demonstrates the quality and attention that has been provided by an anchor grocer at this location. Now anchored by ACME with an extended lease term through April 2025, the Center is poised for continued success. In addition to having one of the top grocers in the region, over 80% of the tenancy represents national credit tenants. The diverse tenant roster has staggered lease expiration dates serving to minimize rollover risk. The Property offers long term stable cash flow with 41% of thein-place tenants rolling over prior to March 2025. The Center has strong visibility due to its location on the corner of Oak Tree Road and Park Avenue (vehicular access from both roads).
Within the last six months, five tenants (CVS, McDonald’s, Wells Fargo, Subway, and Goodyear Tires) extended their lease through 2023, with the exception of CVS who extended through 2028. Futhermore, the seller recently executed two, ten year, leases with Pinot’s Palette (2,396 SF) and Kumon Center
(1,800 SF), a testimant to to the strength of the I-287 retail market. This property will be auctioned on Tuesday, September 26 - Thursday, September 28 . The price displayed is the starting bid amount of $10,000,000. For information and to register to bid on this property, please visit Ten-X.com.
