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Property Detail

Johnny Cash Parkway
802 Prospect Street is a premier retail center with two freestanding single-story buildings totaling
$550,000

Description

  • 802 Prospect Street is a premier retail center with two freestanding single-story buildings totaling 19,794 SF on a 1-acre lot, built in 2015.
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  • With one building vacant, investors or owner-users have the chance to implement strategies to capture market rents and unlock additional value.
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  • Near national retailers like Family Dollar and close to residential neighborhoods and offices that drive consistent demand for local retail.
  • Direct exposure to 12,000 daily vehicles, providing unparalleled visibility and direct access to Route 31 and Route 1, connecting to Downtown Trenton.
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  • Property is supported by a strong population of over 250,000 within 5 miles, contributing nearly $3 billion in annual consumer spending.
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  • Trenton market has experienced rent growth of 1.3% year-over-year, presenting a lucrative opportunity to increase rents to market rates.

Executive Summary

802 Prospect Street is a premier retail center featuring two freestanding single-story buildings on an acre lot, totaling 19,794 square feet in Trenton, New Jersey. This property includes a former Dollar General building with 13,724 square feet and a second building of 6,070 square feet with expansive windows, occupied through 2030 by a triple net tenant, Millhill Child & Family Development Corporation. Built in 2015, the property offers ample parking, two wide ingress/egress points, professional landscaping, high-visibility pylon signage, and an impressive daily traffic count of nearly 12,000 vehicles along Prospect Street, providing unrivaled exposure. This is a prime investment or owner/user opportunity to capture market rents and unlock significant upside with the vacant unit.

Nestled along the Delaware River, Trenton offers exceptional accessibility with major highways and public transportation options nearby. The property is centrally located with direct access to Route 31 and Route 1, connecting downtown Trenton and Philadelphia within an hour’s drive. Trenton-Mercer Airport and Interstate 295 are just 15 miles away, enhancing the property’s connectivity. The area is home to a strong population of over 250,000 within a 5-mile radius, generating nearly $3 billion in annual consumer spending. The property is near national and local retailers, including Family Dollar, and is supported by nearby residential neighborhoods and offices that drive strong retail demand.

Trenton offers a unique mix of heritage and modern amenities, reflected in cultural sites like the New Jersey State Museum and Trenton Battle Monument. The local market has shown steady rent growth of 1.3% year-over-year, providing investors the opportunity to bring rents to market levels. 802 Prospect Street presents an exceptional opportunity to benefit from Trenton’s growth and cultural vibrancy.

Retail Center with Former Dollar General

Listing ID : 00583

SKU: 583

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Price History

DateEventPrice
December 3 2024Listed$550,000.00