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Golden Acres Shopping Center 686-698 Oak Tree Ave
6,000 - 42,839 SF of Retail Space Available in South Plainfield, NJ 07080
Highlights
- Join the long list of well-known tenants such as Big Lots, ShopRite, Wendy’s, and Shoppers World along with many other nearby anchors.
- One of the wealthiest areas in the nation with an average household income of $145,664 and $531.7M of consumer spending in a two-mile radius.
- Monument signage opportunity on Oak Tree Avenue which sees 20,857 vehicles pass by every day with multiple ingress/egress points.
- Across the street from Putnam Park and in front of multiple industrial facilities, bringing increased foot traffic and a regular customer base.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 25 | 8,532 SF | - | Negotiable | $39.69 CAD/SF/YR $3.31 CAD/SF/MO $427.21 CAD/m²/YR $35.60 CAD/m²/MO $28,219 CAD/MO $338,628 CAD/YR | Triple Net (NNN) | |
| 1st Floor, Ste 26 | 6,000 SF | 16’ | Negotiable | $39.69 CAD/SF/YR $3.31 CAD/SF/MO $427.21 CAD/m²/YR $35.60 CAD/m²/MO $19,845 CAD/MO $238,135 CAD/YR | Triple Net (NNN) | |
| 1st Floor, Ste 5 | 28,307 SF | 17’ | Negotiable | $31.18 CAD/SF/YR $2.60 CAD/SF/MO $335.67 CAD/m²/YR $27.97 CAD/m²/MO $73,561 CAD/MO $882,735 CAD/YR | Triple Net (NNN) |
3600 Park Ave - 1st Floor - Ste 25
8,532-square-foot space located between Gyro King and My Unique.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
3600 Park Ave - 1st Floor - Ste 26
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- 1 Loading Dock
- Finished Ceilings: 16’
3600 Park Ave - 1st Floor - Ste 5
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Finished Ceilings: 17’
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.
SELECT TENANTS AT Golden Acres Shopping Center
- Big Lots
- Shoppers World, LLC
- Shoprite
- Wendys
PROPERTY FACTS FOR 686-698 Oak Tree Ave , South Plainfield, NJ 07080
| Center Type | Community Center | Gross Leasable Area | 301,136 SF |
| Parking | 1,478 Spaces | Total Land Area | 55.18 AC |
| Stores | 20 | Year Built | 1966 |
| Center Properties | 4 | Cross Streets | Park Ave & Oak Tree Ave |
| Frontage | 1,806’ on Oak Tree Avenue |
| Center Type | Community Center |
| Parking | 1,478 Spaces |
| Stores | 20 |
| Center Properties | 4 |
| Frontage | 1,806’ on Oak Tree Avenue |
| Gross Leasable Area | 301,136 SF |
| Total Land Area | 55.18 AC |
| Year Built | 1966 |
| Cross Streets | Park Ave & Oak Tree Ave |
About the Property
Originally constructed during a peak of development for South Plainfield in the 1960s, the Golden Acres Shopping Center has once again become the premier retail destination in this growing New Jersey borough. The family-owned grocer, Saker ShopRites, Inc. quickly identified this as an incredible opportunity in 2016 when they opened an 80,000 square foot facility here, anchoring the center to a regional favorite. An attentive management team has provided such a stupendous environment for tenants that the center is nearly fully occupied, but there is still room to set up shop and experience why so many businesses now call South Plainfield their home. Although formed by a glacier thousands of years ago, South Plainfield has heated up quite a bit from its icy origin with a vibrant community and a booming economy. Just within a ten-mile radius, consumer spending tops $13.9 billion, no doubt due to the excellent access to major arteries like Oak Tree Avenue, making this an ideal town for suburban commuters. Located at a busy signalized intersection, the two retail centers in the West quadrants of the intersection are mainly made up of fitness, medical, and service-related businesses. With no real equivalent property nearby and neighboring tenants perfectly curated to funnel most shoppers to the center, Golden Acres presents the ideal opportunity for tenants searching for a robust consumer base in a highly accessible area.
- Restaurant
- Storage Space
- Monument Signage
- Air Conditioning
Nearby Major Retailers
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Golden Acres Shopping Center | 686-698 Oak Tree Ave
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