MENDHAM VILLAGE SHOPPING CENTER 86 East Main Street Mendham, NJ
MENDHAM VILLAGE SHOPPING CENTER 86 East Main Street Mendham, NJ Space Available 1,280 sf 1,280 sf 1,280 sf - former coffee GLA 133,854 sf Asking Rent Upon Request NNN $8.75 psf (est) Parking 400+ spaces Co-Tenants Comments Sole shopping center serving a high demographic population within 6 miles Anchored by Kings Supermarket Center offers a variety of uses and services Currently seeking uses such as urgent care, coffee, group fitness, boutiques 2
5 M ILE RADIU S 48,745 Overall Population 18,527 Employee Population $ 244,236 Average HHI 71.4% Bachelor s Degree or Higher 70.8% Annual HHI of $100k+ 3
Mendham Health & Racquet Club Mendham PlywoodBuilding Products Mendham Autobody 4, 86 A 9A DT HA M AD Mendham Police Department COLD HILL ROAD SOUTH M D EN RO N 4
Anomaya Restaurant Available 2,560 Frank s Frnaks Pizzeria Pizza 2,560 Mendham Health Club 4+ Acreas 1,280 Kings Supermarket 27,300 SF Apothecary 11,680 2,560 Mendham Florist 1280 Nail Salon 1280 Caroline Cleaners 2560 3840 3560 Mendham Village Shopping Center Blue Ridge Pool 84-86-88 East Main Street 1280 Eye Care 1280 Pyramid Laundry 1,560 Wine and Liquors 2560 Available Hair Salon 1,280 1,280 1280 16 Available Mendham Jewelers 1,280 1280 Rentable SF 79,940 Wickeret Deli 425 Parking spots Diner/Café 1280 plus 9 Handicapped spots 1,920 3840 Panatino Restaurant 1920 Drawing not to scale 84
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4.3% Pacific Heights Pacific Heights is one of the smaller markets (with less than 1 percent of households), composed of upscale neighborhoods in the urban periphery of metropolitan areas, along the Pacific Coast in California, in Hawaii, and in the Northeast. This market includes the highest percentage of Asian and multiracial populations; many of them born outside the US. This is a family market, distinguished by married-couple families, with and without children, some in multi-generational households. They own their homes, mainly high-priced single-family homes, with a higher proportion of town houses. Workers are generally employed in white collar occupations such as business, computer, architecture, and engineering roles. Median household income and net worth are much higher than the US. These trendy residents buy nice food and clothing, as well as the latest gadgets. They keep up with family overseas with frequent phone calls and foreign travel. 12.2% Percent Top Tier The residents of the wealthiest Tapestry market, Top Tier, earn more than three times the US household income. They have the purchasing power to indulge any choice, but what do their hearts desire? Aside from the obvious expense for the upkeep of their lavish homes, consumers select upscale salons, spas, and fitness centers for their personal well-being and shop at high-end retailers for their personal effects. Whether short or long, domestic or foreign, their frequent vacations spare no expense. Residents fi ll their weekends and evenings with opera, classical music concerts, charity dinners, and shopping. These highly educated professionals have reached their corporate career goals. With an accumulated average net worth of over 1.5 million dollars and income from a strong investment portfolio, many of these older residents have moved into consulting roles or operate their own businesses. 11.8% Exurbanites Ten years later, Exurbanites residents are now approaching retirement but showing few signs of slowing down. They are active in their communities, generous in their donations, and seasoned travelers. They take advantage of their proximity to large metropolitan centers to support the arts, but prefer a more expansive home style in less crowded neighborhoods. They have cultivated a lifestyle that is both affluent and urbane. 8
1 mile radius 3 mile radius 5 mile radius 4,039 13,300 48,745 4,086 13,471 49,328 46.1 44.9 43.6 1,424 4,530 16,529 1,475 4,695 17,105 0.7% 0.7% 0.7% - 0.2% 0.3% 94.4% 91.5% 88.6% 0.9% 1.6% 2.4% 3.3% 4.7% 6.0% 0.1% - 0.1% 1.4% 2.1% 3.0% 4.5% 5.2% 7.3% $218,900 $250,083 $244,236 $166,577 $177,262 $170,432 $77,587 $85,454 $83,027 12.7% 11.9% 12.4% 11.9% 10.0% 9.7% 5.1% 4.3% 4.2% 38.5% 39.9% 38.3% 28.9% 31.5% 33.1% 226 538 1,922 1,988 4,140 18,527 Population 2017 Estimated Population 2022 Projected Population 2017 Median Age Households 2017 Estimated Households 2022 Projected Households Projected Annual Growth 2017 to 2022 Historical Annual Growth 2000 to 2017 Households by Race 2017 Estimated White 2017 Estimated Black or African American 2017 Estimated Asian & Pacific Islander 2017 Estimated American Indian & Native Alaskan 2017 Estimated Other Races 2017 Estimated Hispanic Income 2017 Estimated Average Household Income 2017 Estimated Median Household Income 2017 Estimated Per Capita Income Education (Age 25+) 2017 High School Graduate 2017 Some College 2017 Associates Degree Only 2017 Bachelors Degree Only 2017 Graduate Degree Business 2017 Estimated Number of Businesses 2017 Estimated Total Number of Employees 9
EXCLUSIVE REPRESENTATION Mona Holzberg mholzberg@ripconj.com Matt Grundy mgrundy@ripconj.com 201.777.2300 125 Chubb Avenue Suite 150 S Lyndhurst, NJ 07071 www.ripconj.com 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. 10