For Lease

Franklin Commons - 458 Elizabeth Avenue Franklin Twp RETAIL
CITY: COUNTY: STATE: STATUS:
Franklin Somerset New Jersey For Lease

LOCATION

458 Elizabeth Avenue
Franklin, NJ 08873

 

PROPERTY DESCRIPTION

Franklin Commons is a 60,100 SF mixed-use commercial development anchored by CVS Pharmacy and Chase Bank.  The center is situated within the township’s major PRD development aggregating over 2,500 new residential units, a portion of which are designated 55 and over.  The area affords strong daytime population with over three million square feet of existing office and flex space within a 3 mile radius, plus Franklin Township High School 1 mile south.

 

AVAILABLE SPACE

Bldg. 1: 3,390 SF (56’x60’)

(former restaurant move-in condition)

 

OCCUPANCY

7/1/19

 

RENTAL RATE

$25.00 psf NNN

 

REAL ESTATE TAXES & CAM

$12.00 projected 2019

 

COMMENTS

  • Other existing tenants include: Chase, CVS, Smoothie King, UPS Store , Sport Clips, Subway, liquor store, restaurants, dry cleaners and nail salon;
  • Two large double sided pylon signs available, Schoolhouse Road the other on Elizabeth Avenue;
  • Adjacent to Somerset Run, a 755 unit “55 and older” community and approximately one mile from Canal Walk a 1,500 unit new housing development;
  • Located directly opposite brand new ShopRite Supermarket and the 119,000 SF shopping center “Crossroads at Somerset”.

 

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If you would like to speak to a member of the Silbert Realty & Management team in regard to this opportunity,
please contact us, at 908.604.6900 for additional information.