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 and serving the needs of the local community. This configuration offers a stable and secure investment with established occupants.

The property is strategically positioned along Outwater Lane in Garfield, NJ, benefiting from excellent frontage and high visibility within an established commercial corridor. Its proximity to major roadways, including NJ Route 21 and NJ Route 46, provides 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 diverse mix of national and local retailers, restaurants, and service providers in the vicinity contributes 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 attract a substantial and varied customer base from the surrounding trade area.

Built in 1994, this single-story, Class C building offers a unique investment profile with minimal landlord responsibility. The property's zoning is designated as Retail, and it features multiple tenancies, contributing to its appeal as an investment asset. The cap rate for this offering is 6.40%, reflecting the current income generated by the fully leased center.