85 Outwater Ln, Garfield, NJ 07026

Horvath & Tremblay presents an exclusive opportunity to acquire the multi-tenant retail center located at 85 Outwater Lane in Garfield, New Jersey. This well-maintained plaza comprises an 11,818 square-foot brick building situated on a 1.70-acre parcel. The retail center is currently 100% leased to seven distinct tenants, representing a diverse range of industries that serve the local community. This configuration provides a stable and secure investment with established occupants.

The property is strategically positioned along Outwater Lane in Garfield, NJ, offering excellent frontage and visibility within an established commercial corridor. Its proximity to major roadways, including NJ Route 21 and NJ Route 46, facilitates convenient access to surrounding communities in Bergen and Passaic Counties, as well as strong regional connectivity to New York City. The surrounding area is characterized by densely populated residential neighborhoods and a variety of commercial establishments.

The immediate vicinity features a diverse mix of national and local retailers, restaurants, and service providers, contributing to consistent foot traffic and customer activity. The prominent location of the property along Outwater Lane, coupled with its accessible positioning and strong street presence, positions this retail center to benefit from a substantial and diverse customer base throughout the surrounding trade area.

Constructed in 1994, this single-story, Class C building offers a unique investment profile. The property's tenancy is structured as multiple, providing an additional revenue stream for investors. The zoning is designated as Retail, further enhancing its commercial appeal. The cap rate for this investment is listed at 6.40%, reflecting its current financial performance.