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Highland Village at Liberty Corner 546-574 Allen Rd
3,142 - 7,162 SF of Retail Space Available in Basking Ridge, NJ 07920
HIGHLIGHTS
- Building Size: 60,806 SF on 11.14 Acres
- Traffic Count (CoStar 2020): 6,383 Vehicles Daily on Allen Road
- Lease Rate: $26.00/PSF NNN
- Available: 3,142 SF (may be divisible)
- Parking: 359 Surface Parking Spaces
- RE Taxes (Est. 2023): $3.41/PSF; Operating Expenses (Est. 2023): $8.43/PSF
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 554 & 556 | 3,142 SF | Negotiable | $37.61 CAD/SF/YR $3.13 CAD/SF/MO $118,167 CAD/YR $9,847 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 570 | 4,020 SF | Negotiable | $31.82 CAD/SF/YR $2.65 CAD/SF/MO $127,928 CAD/YR $10,661 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 554 & 556
RE Taxes (Est. 2023): $3.41/PSF Operating Expenses (Est. 2023): $8.43/PSF Co-tenants include Rite Aid Pharmacy, Chu's Cafe, Village of Highlands Cleaners, Dunkin' Donuts, The Wine Rack, Dental Arts Vision, U.S. Postal Service, Tiny Turtle Academy, Kumon Learning Center.
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 570
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 546-574 ALLEN RD , BASKING RIDGE, NJ 07920
| Total Space Available | 7,162 SF | Total Land Area | 7.82 AC |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Retail | Parking Ratio | 5.9/1,000 SF |
| Gross Leasable Area | 60,806 SF |
| Total Space Available | 7,162 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 60,806 SF |
| Total Land Area | 7.82 AC |
| Year Built | 2000 |
| Parking Ratio | 5.9/1,000 SF |
ABOUT THE PROPERTY
Located less than 2 miles from Exit 33 off I-78 and approximately 1 mile from Liberty Corner Road; Exit 22 off I-287 (Pluckemin -Bedminster); Easy access to Route 202-206. Highlands Village Center is located in "The Hills" encompassing both Bernards Township (Basking Ridge) and Bedminster in Somerset County. "The Hills" is a master planned community that includes 4,728 homes situated on 1,800 acres of land.
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Highland Village at Liberty Corner | 546-574 Allen Rd
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