• RARE new construction retail center consisting of four separate buildings on one parcel• CVS/Pharmacy - S&amp;P Rated &quot;BBB&quot; - Ground Lease• Wawa Gas &amp; Convenience – Fitch Rated &quot;BBB&quot; - Ground Lease• Panera Bread w/ Drive-Thru – owned by European conglomerate JAB Holdings – Fee Simple• Strip center with Sherwin Williams &amp; Anthony Franco&#39;s Pizzeria• Premium location at the hard corner signalized intersection of Route 23 and Kinnelon Road/KielAvenue (66,682 Average Daily Traffic Count)• 3 Miles to I-287• New 20-Year Leases for CVS, Wawa, and 15-Year Lease for Panera Bread• 10% Rent Increases Every 5 Years for Wawa and Panera Bread | 3% Annual Increases for AnthonyFranco&#39;s• Potential upside in subdividing tax parcels and selling off individually• Many nearby national retailers including Home Depot, Walmart, BJ&#39;s Wholesale, Lowe&#39;s, Best Buy,Dunkin&#39;, Target, McDonald&#39;s, Marshalls, Walgreens, Outback, Stop &amp; Shop, Wendy&#39;s, Petco, 7-Eleven, Bank of America, Applebee&#39;s, AT&amp;T, Staples, and Bed, Bath, &amp; Beyond• Excellent demographics with a 3-mile average household income of over $142,000

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Butler Plaza | CVS – Wawa – Panera Bread – Sherwin Williams (NNN Lease)

Butler Plaza OM (2).pdf

Offering Memorandum

Property Information

Operation & Financials

Third Party Reports

Legal

Other

Butler Plaza | CVS – Wawa – Panera Bread – Sherwin Williams (NNN Lease) due diligence