The Corner at Livingston Circle Livingston NJ

Overview

As exclusive agent, Cushman & Wakefield is pleased to offer a leasehold interest in The Corner at Livingston Circle (the “Center”) for sale.

This is a rare opportunity to purchase a recently developed shopping center in the heart of Livingston, New Jersey that is currently 96% occupied by a diverse roster of 8 tenants. The Corner at Livingston Circle totals 40,936 square feet, anchored by a 24,505 square foot Container Store. Newly constructed as of 2017 with the anchor occupying nearly 60% of the GLA, a Starbucks drive-thru to propel day-time foot traffic, and a weighted average lease term (WALT) of nearly 13 years, the Center is positioned to provide a durable return on investment from a best-in-class retail center.

The Corner at Livingston Circle’s competitive advantage is that it is one of the most visible and prominent shopping centers located along the major retail corridor within the submarket. It is situated on +/- 4.66 acres at a highly trafficked “main and main” intersection of the Livingston Circle. The Livingston Circle represents the intersection of Northfield Avenue, Route 10, and Eisenhower Parkway. The Center has 725 feet of frontage along Eisenhower Parkway (21,375 VPD), as well as 272 feet of frontage along West Mount Pleasant Avenue (Route 10) (22,666 VPD). The Corner at Livingston Circle capitalizes on the dense and affluent demographics of Livingston, which has an average household income of $243,329 and a population density of 2,254 per square mile.

Investment Highlights