The Streets of Chester Chester, NJ

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in The Streets of Chester, for sale. Situated on 8.96-acres with frontage along Route 206, this 105,000 SF lifestyle retail center will be delivered 77% leased to 21 tenants, providing investors with a value-add investment opportunity in the heart of affluent Morris County, NJ.

Investors will benefit from in-place cash flow while having the opportunity to rebrand and reposition the center via light touch improvements and property upgrades in effort to capitalize on new leasing demand within the submarket, ultimately presenting a 3x NOI growth potential.

The Property is located along Rt. 206 near its junction with Route 24, the busiest lighted intersection along the Northern 206 Corridor. The immediate submarket and nearby competitive landscape represents a vacancy rate of just 2.7%. With neighboring shadow tenants including Shop-Rite, Ace Hardware, Mattress Firm, Panera Bread, Chipotle and others, the local submarket has proven its ability to attract and retain national tenants. 

Investment Highlights