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300 Glenwood AveBloomfield, NJ 07003
The Shops at Bloomfield Station
Asset ClassRetail
overview of deal

Overview

As exclusive agent, Cushman & Wakefield is pleased to offer The Shops at Bloomfield Station for sale. Completed in 2015, the Property is a 63,792 square foot grocery-anchored neighborhood retail condominium located on the ground floor of the 224-unit Avalon Bloomfield Station apartment community developed by AvalonBay. Positioned directly adjacent to the Bloomfield Train Station, the Property benefits from immediate NJ Transit connectivity to Newark and Manhattan, supporting consistent commuter-driven traffic within a dense, infill Essex County trade area. The Shops at Bloomfield Station is currently 100% leased and anchored by Jack’s Super Foodtown, an established neighborhood grocer with lease term through January 2036.

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Investment Highlights

Transit-Oriented, Mixed-Use Neighborhood Retail

  • Ground Floor Retail Below 224-Unit AvalonBay Multi-Family Development
  • 2015 Construction | Shared Parking
  • Directly Adjacent to Bloomfield Train Station (NJ Transit) | Direct Access to Newark and NYC
  • Necessity & Service-Oriented Tenant Mix

Durable and Financeable Cash Flow

  • 8.3-Year WALT | $10MM+ Contractual Rental Revenue
  • 100% Leased | Grocery Anchored
  • 13 Tenants | Average Unit Size < 5,000 SF
  • Mitigated Rollover Risk | Only 1,272 SF Rolls Before YE 2030

Dense, Affluent, Supply-Constrained Market

  • 340,740 Population Within 3 Miles | 12,051 PSM
  • $122,574 AHHI Within 3 Miles
  • 2.2% Submarket Vacancy Rate | Steady Rent Growth
  • Limited New Retail Development Pipeline
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300 Glenwood AveBloomfield, NJ 07003

Sales Team

Frank DiTommaso IIExecutive Managing Director(201) 508-5303frank.ditommaso@cushwake.com
Joanna ManfroManaging Director(203) 326-5819joanna.manfro@cushwake.com
Max HelfmanAssociate Director(201) 508-5269max.helfman@cushwake.com
David W. BernhautExecutive Managing Director(908) 963-7799david.bernhaut@cushwake.com
H. Gary GabrielExecutive Vice Chairman(201) 460-3352gary.gabriel@cushwake.com
Chuck KohautExecutive Director(973) 207-1882chuck.kohaut@cushwake.com
Brian Anderson Executive Managing Director(732) 616-0908brian.anderson@cushwake.com
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