The Shops at Rockaway - 321 Mount Hope Ave. Rockaway Twp, NJ

Equity Investment Starting At $350,000

The Shops at Rockaway is a newly constructed multi-tenant retail center located directly along I-80 in Rockaway, New Jersey, which is approximately 30 miles west of Manhattan. Located immediately adjacent to The Shops at Rockaway is The Rockaway Townsquare Mall, which is anchored by Macy’s, Lord and Taylor, JC Penny and Sears. The surrounding area has experienced significant growth in recent years and has an average annual household income in excess of $100,000. The Shops at Rockaway has many national and regional tenants including Citibank, FedEx/Kinko’s, Sprint PCS , Verizon Wireless, Supercuts, Quizno’s, Carter’s and Fatburger. The strong tenant mix, long term leases, built-in rent increases and great location makes The Shops at Rockaway a great addition to any real estate investor’s portfolio. Here are some of the property highlights:

• Approx. 7.09% Cash-on-Cash Return Yr.1*
• 8.5% 5 Yr. Average Cash-on-Cash
• Newly Constructed
• Direct Access to I-80
• Strong Multi-Tenant Retail Development
• Located Immediately Adjacent to the Rockaway Town Square Mall
• Purchase Price: $20,000,000
• Loan to Value: 75%
• CAP RATE: 6.86%
• Projected Cash-On-Cash Return: 7.09%

Please contact me for a full marketing package regarding this property.