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118 Godwin Ave, Midland Park, NJ, 07432

7-Eleven Strip Center
$3,950,440

Key Information

Cap Rate
5.45%
$ per SF
$790
Tot. SF
5,000
Year Built
1978
Type
Shopping Centers
NOI
$215,299

Highlights

  • Fully Stabilized, 100% Occupied Retail Center: Two-tenant property anchored by 7-Eleven and Fiona’s Italian Restaurant, both with a long history of successful occupancy.
  • Prime Bergen County Location: Located at the signalized intersection of Godwin Ave, Goffle Rd, and Vreeland Ave, offering excellent visibility with over ±19,800 vehicles per day.
  • High-Barrier-to-Entry Market: Midland Park, Bergen County is known for limited new retail development opportunities and consistently strong real estate fundamentals.
  • Attractive Parcel & Parking: Situated on a ±0.86 AC with ±5,000 SF GLA and an exceptional 76 parking spaces (15.2/1,000 SF).
  • Flexible Zoning (B-1): Permits a variety of future tenant uses and potential redevelopment opportunities.
  • Expansion Potential: Opportunity to add approximately ±2,800 SF of additional space, creating meaningful value-add upside for investors.
  • Affluent Demographics: Within a ±3-mile radius, average household income exceeds $240,000; more than 100,000 households are located within 5 miles.
  • Strong Retail Synergy: Surrounded by national and regional retailers including CVS, Starbucks, Dunkin’, Kings, ACME, Burger King, Wendy’s, TD Bank, and Petco.
  • Excellent Accessibility: Easy access to key highways: Route 208 (1.4 mi), Route 17 (3.1 mi), Garden State Parkway (4.5 mi), and I-287 (6.2 mi).
  • Secure Cash Flow: Generates $215,299 in NOI, supported by 7-Eleven’s long-term NNN lease and Fiona’s expense reimbursements.
  • Creditworthy National Tenant: 7-Eleven operates over 85,000 stores worldwide, backed by strong corporate support from Seven & I Holdings.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666