livingston, new jersey · space available 8,105 sf (divisible) asking rent upon request nnn $7.00...

437 ROUTE 10 EAST(MOUNT PLEASANT AVE)

Livingston, New Jersey8,105 sf available for lease or sale

Space Available 8,105 sf (divisible)

Asking Rent Upon Request

NNN $7.00 per sf est

Possession Immediate

Parking 50 Car

Neighboring Tenants

Men’s Wearhouse, Olive Garden, Mattress Firm, The Container Store, Bottle King, CVS Phar-macy, Dunkin’ Donuts, Bassett Furniture, Safavieh Home, Hand and Stone, Shake Shack, Club Pilates, Fortunoff Backyard Store, Jos. A. Bank, Staples, Blinds To Go, Cost Plus World Market, Nordstrom Rack, Starbuck’s, Verizon, BuyBuyBaby, TJ-Maxx, DSW, St. Barnabas Hospital, Cedar Hill Country Club, Professional Law, Accounting, and Medical Offices

Comments

• For lease or for sale• Free standing building• Loading area• Great storefront signage• Prime location in the heart of the Route 10 retail corridor• Excellent highway exposure and access• Immediately west of Livingston Circle

437 ROUTE 10 EAST(West Mt Pleasant Road)Livingston, New Jersey

8,105 sf available for lease or sale

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3MILE RADIUS

48,931Overal l Populat ion

59,677Employee Populat ion

$189,658Average HHI

60.5%Bachelor ’s Degree or Higher

63.9%Annual HHI of $100k+ 3

437 Route 10 EastL I V I N G STO N , N E W J E RS E Y

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Novartis Pharmaceuticals

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ParkVue at Livingston

220 luxury units

33,745 VPD

35,527 VPD

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New JerseySchool of Ballet

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www.NJTaxMaps.com

Block: 5901Lot: 2Zoning: B-1Land SF: 44,866 SFAcres: 1.03 AcresTaxes: $45,846.00 (2016)

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Tax Map

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Route 10 is one of New Jersey’s finest shopping corridors. 31,604 vehicles per day travel this route to shop, commute and work. Major national retailers line the corridor, including REI, Saks Off 5th, Nordstrom Rack, Target, Home Depot, Dick’s Sporting Goods, Best Buy

and Costco. National restaurants from McDonald’s to TGI Friday’s to Applebee’s and fine local restaurants are also found here. The Route 10 corridor funnels right into The Livingston Circle.

1 Route 10 Corridor

This center sits in affluent Livingston at “the circle,” centrally located to capture surrounding wealthy neighborhoods in Essex and Morris Counties. It is in close proximity to Route 280 on one side, Livingston Mall on the other and is surrounded by corporate and professional office buildings, driving the daytime population counts.

2 The Shoppes at The Livingston Circle

The Livingston Circle is the epicenter of Livingston retail , bringing quality of “live, shop, dine” experience to both local residents and from miles away.

3 The Livingston Circle

High income residential development with a “town center” retail component, Livingston Town Center, located on South Livingston Avenue, connects via Route 10 to The Livingston Circle.

4 Livingston Town Center

Livingston’s original Main Street, where many restaurants, banks, custom high end watch stores, jewelers, and boutique clothing stores cater to wealthy surrounding communities.

5 South Livingston Avenue

Livingston Mall is a major regional mall anchored by Macy’s, Lord & Taylor and Sears, with a total GLA of 985,000 sf and gross sales of $210 million, and is 1.9 miles and a 4 minute drive time on the Eisenhower Parkway south of The Livingston Circle.

6 Livingston Mall

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Route 280/GSP/Turnpike

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Livingston High School

116,749 AADT East

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Livingston Mall

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Westminster HotelAAA Four Diamond Hotel

31,604 VPD

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21,640 AADT

13,517 AADTCedar Hill Golf& Country Club

Livingston Town Center

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437 Route 10 EastL I V I N G STO N , N E W J E RS E YInterior and Exterior Photos

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Livingston is the perfect mix of suburban living, diverse shopping and convenient first class office parks. Located on the Eisenhower Parkway, at the western edge of Essex County, it has access via Route 280 to the Garden State Parkway, the New Jersey Turnpike, Interstate 80 and 287, and State Routes 10, 24, 78 and 46 and is just 25 miles west of New York City.

The trade market area comprises over 275,000 potential customers with a high level of disposable income. The population provides retailers with a large pool of educated, talented and motivated shoppers.

Major regional draws include the prestigious St. Barnabas Medical Center (22,000 employees), Cedar Hill Golf & Country Club, The New Jersey School of Ballet, numerous prominent legal and accounting firms.

Location

Livingston is the hub of economic activity in the region, a destination where people find shopping, professional, leisure and commercial offerings.

Key Factors to Success: • An upscale, educated population• Households with disposable income well above the national average• A diverse, professional work force• Central placement in a superior regional market.

Market Area


Trade Area - 5mile Radius

• Livingston• East Hanover• Essex Fells• Maplewood• Millburn/Short Hills• Roseland• South Orange• West Orange• Whippany

• Caldwell• Chatham• Florham Park• Hanover Township• Montville• Springfield• Summit• North Caldwell• West Caldwell

Trade Area - Primary Market

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66% Top TierHousehold Type: Married CouplesHousing: Single FamilyWe’ve achieved our corporate career goals and can now either consult or operate our own businesses. We’re married couples with older children or without children. Every home maintenance chore in our lav-ish homes is handled by a variety of contracted services. We can indulge ourselves in personal services at upscale salons, spas, and fitness centers, shop specialty supermarkets and high-end retailers for anything we desire. We travel frequently, sparing no expense in taking luxury vacations or visiting our second homes in the US and overseas. Evenings and weekends are filled with opera, classical music concerts, charity din-ners, and shopping. We support the arts and other charities, read to expand our knowledge, and depend on the Internet, radio, and newspapers for information. Spending time with family and a small circle of close family friends is a priority.

10% Urban ChicHousehold Type: Married CouplesHousing: Single FamilyWe’re well-educated, married couple families and singles who live in the suburbs of major metros on both coasts. Professional and managerial positions in technical and legal occupations fund our exclu-sive, upscale, and sophisticated lifestyles. Portfolios are healthy, filled with stocks, bonds, and real es-tate investments. Our houses range in style from pre-war to new construction, high-rises or single-fam-ily homes; two-thirds of us own our homes. Tech savvy, we’re tops for owning Apple products, and use our devices to shop, bank, and research information. Leisure time is spent visiting museums, traveling, drinking imported wine, going out to the movies, skiing, and practicing yoga.

10% Professional PrideHousehold Type: Married CouplesHousing: Single FamilyWe’re well-educated, two income, goal-oriented professionals who prospered during the Great Re-cession. To support our upscale suburban lifestyle, both parents work, tolerating long hours and long commutes. Our schedules are complicated, balancing work and activities for our school-aged kids. Because we’re all so busy, organization is critical to daily life. To save time, we contract for home maintenance services such as housekeeping and professional cleaners. We’re experts on all of our devices. Financially savvy, we continue to invest wisely and grow our portfolios. Interest payments and dividends boost our household income. The comforts of home are priorities; we’re proud of our picture-perfect homes, constantly upgrading, and will spend time and money on projects. Everyone in the family reads on tablets, e-readers, or smartphones, but prefer hard copies of epicurean, home, or sports magazines.

Demographics

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Population of 275,000+

Median Age: 42(55% of population is in the

prime demographic age range of 15 to 54, which is

the major consumer range of goods & services)

47% - managerial/professional38% - technical/sales/administrative

29.7% holds a bachelor's degree or more

Trade Area (1 mile)Avg HH Income

$184,485(36% of HH have an income in excess of $204,360/year.)

Ethnicity BreakdownCaucasian 80%Asian 15%Hispanic 3%African-American 2%

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1 mile radius 3 mile radius 5 mile radiusPopulation

2017 Estimated Population 5,870 48,931 155,7272022 Projected Population 5,938 49,367 157,068

2010 Census Population 5,834 48,942 152,6332000 Census Population 4,944 46,082 145,006

2017 Median Age 43.7 44.6 42.1

Households2017 Estimated Households 2,068 17,684 56,7332022 Projected Households 2,114 18,088 58,092

2010 Census Households 1,997 17,304 54,7412000 Census Households 1,625 15,958 52,254

Projected Annual Growth 2017 to 2022 0.4% 0.5% 0.5%Historical Annual Growth 2000 to 2017 1.6% 0.6% 0.5%

Households by Race2017 Estimated White 71.6% 76.1% 75.7%

2017 Estimated Black or African American 3.5% 3.0% 6.7%2017 Estimated Asian & Pacific Islander 22.7% 18.8% 14.5%

2017 Estimated American Indian & Native Alaskan 0.1% 0.1% 0.1%2017 Estimated Other Races 2.0% 2.1% 3.0%

2017 Estimated Hispanic 4.8% 5.4% 7.0%

Income2017 Estimated Average Household Income $216,511 $189,658 $190,1982017 Estimated Median Household Income $167,081 $ 146,443 $141,899

2017 Estimated Per Capita Income $76,342 $68,599 $69,437

Education (Age 25+)2017 High School Graduate 14.1% 18.6% 17.0%

2017 Some College 9.1% 10.3% 10.7%2017 Associates Degree Only 5.6% 5.0% 5.0%2017 Bachelors Degree Only 40.1% 33.8% 33.5%

2017 Graduate Degree 26.6% 26.7% 28.7%

BusinessNumber of Businesses 513 4,342 10,682

Total Number of Employees 6,209 59,677 159,205

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Licensed Real Estate Broker. All Information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, rental prior sale and withdrawal notices

Whether it is financial services, high end designers, new retail concepts, big boxes or major owners and developers; Ripco can implement storefront strategies. We understand retail real estate in New Jersey has an intrinsic value and we can help in ascertaining that worth for both retailers and developers. This information has been secured from sources we believe to be reliable, but we make no representations as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Florian [email protected]

201.777.2300

125 Chubb AvenueSuite 150 S Lyndhurst, NJ 07071

www.ripconj.com

EXCLUSIVE REPRESENTATION

livingston, new jersey · space available 8,105 sf (divisible) asking rent upon request nnn $7.00...

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