Multiple
Tenancy
 
 
 
 
 
 
 
 
 
 

Investment Overview

  • The Goldstein Realty Organization, LTD. exclusively presents the opportunity to acquire H Mart Shopping Center at 321 Broad Avenue in Ridgefield, Bergen County, New Jersey. This established destination shopping center is anchored by H Mart and features a complementary mix of dining, retail and service tenants. Its tenant mix and longstanding operating history distinguish the property as a destination for shopping, dining and services. 2027 Contractual Triple Net Income: $3,360,936 Asking Price: $75,000,000 Cap Rate Based on Defined Triple Net Income: 4.48% Based on the January 1, 2027 rent roll, rounded to whole dollars. Later rent increases are shown separately. This defined income measure excludes management, leasing, legal and accounting costs. Purchasers should independently verify income, expenses, leases and recovery rights. No representation or warranty is made; binding representations, if any, will appear only in a definitive signed purchase agreement
  • Building area, gross leasable area, and land area are approximate and provided for informational purposes only. No representation or warranty is made as to their accuracy. Purchasers should independently verify all measurements through surveys, plans, and other appropriate due diligence.

Investment Highlights

  • A rare opportunity to acquire an established H Mart–anchored destination shopping center in Bergen County, near Manhattan. The property combines a longstanding grocery anchor, a complementary mix of dining, specialty retail and service tenants, and 100% occupancy. Anchored by H Mart, the center is an established destination for customers seeking Korean and Asian groceries, specialty foods, dining and services. Its complementary tenant mix creates a destination experience that extends beyond a routine grocery visit. Proximity to Manhattan Located in Ridgefield, Bergen County, near Manhattan and the George Washington Bridge, the property offers a convenient Northern New Jersey location serving surrounding communities and the broader New York metropolitan area. Approximately 132,400 square feet of gross leasable area across 13 tenancies. NNN/Triple Net lease structure, with expense reimbursement obligations detailed in the individual leases.

Contractual Rent Basis — January 1, 2027

  • The 2027 contractual income figure is based on rents scheduled to be effective January 1, 2027, rather than rents currently collected. The defined triple net income measure excludes management, leasing, legal and accounting costs. Detailed rent roll, lease information and supporting financial statements are available in the deal room following execution of the required NDA.

Location Overview

  • The property’s proximity to Manhattan and the George Washington Bridge reinforces its position as a destination for specialty grocery shopping, dining and services within the broader New York metropolitan area H Mart Shopping Center is located at 321 Broad Avenue in Ridgefield, Bergen County, New Jersey. The property serves as an established destination for grocery shopping, dining, specialty retail and services. Its complementary tenant mix brings these uses together at a single location, serving Ridgefield and surrounding communities.
FOR MORE DETAILS CONTACT
Lon Goldstein
(516) 742-3900
groltd@msn.com