Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in...

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72 E. PALISADE AVENUE Englewood, New Jersey 2,000 sf available for lease

Transcript of Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in...

Page 1: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

72 E. PALISADE AVENUEEnglewood, New Jersey2,000 sf available for lease

Page 2: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

Space Available 2,000 sf

Asking Rent Upon Request

NNN $8.00 per sf

Parking• Free parking at building rear• Municipal parking/garage nearby• Street level, metered

Neighboring Tenants

Comments• Prime retail corridor• Great location in affluent and vibrant Downtown, Englewood• Municipal parking garage (461 spaces) nearby on South Dean Street

72 E. PALISADE AVENUEEnglewood, New Jersey2,000 sf available for lease

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Page 3: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

2MILE RADIUS

63,735Overal l Populat ion

45,200Employee Populat ion

$147,931Average HHI

53.4%Bachelor ’s Degree or Higher

47.5%Annual HHI of $100k+ 3

Page 4: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop. Its residents enjoy the safety, comfort and peace of mind associated with small-town living, but don’t have to sacrifice opportunities for work or recreation. In fact, Englewood is a small city. The diverse cultural population of Englewood is approximately 29,000. Within the city’s 5 square miles there are over 50 houses of worship and 14 private and public schools. Englewood has an award winning regional hospital, Englewood Hospital and Medical Center, serving residents in Northern New Jersey and bordering counties in New York. In addition to the Bergen Performing Arts Center, area attractions include: MacKay Park, Englewood Field Club, Englewood Golf Club, and Englewood Cliffs College.

Englewood has a vibrant “Lifestyle” downtown that includes the Bergen Performing Arts Center, delicious eateries and ethnic restaurants, (Syros Taverna, Baumgart’s, Kartiem Thai, Its Greek to Me & Blue Moon Café), apparel (Vera Uomo, Gito, La Puerta Del Sol & Anik) boutiques, spas (Blue Mercury), antique stores, over a dozen banks, car dealerships (Lexus, Porsche, Mercedez & Infiniti), specialty shops and a ShopRite Supermarket. Englewood’s downtown has evolved into a major restaurant and shopping hub for the surrounding northern valley communities. Englewood has a diverse customer base that includes the well-educated affluent shoppers of northeastern Bergen County. Within a 3-mile radius of the target site, 47.5% of the homes have an average household income of $100,000 or more (excluding New York City). And, 50.2% of the adult population had at least some college education.

Additionally, there is a strong daytime population to support the retail with more than 75,000 employees within a 3-miles radius of the target site (excluding New York City).

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Page 5: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

THE LOCATION

TeterboroTeterboroTeterboroTeterboroTeterboroTeterboroTeterboroTeterboroTeterboro

Paterson

Clifton

YonkersNew Rochel

Mount Vernon

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Ridgewood

Hawthorne Glen Rock

Fair Lawn

Rochelle Park

Garfield

Nutley

Lodi

Elmwood Park

Rutherford

Wallington

Hasbrouck Heights

River Edge

Little Ferry

East Rutherford

Carlstadt

Fort Lee

Cliffside Park

Ridgefield Park

Ridgefield

Edgewater

HackensackTeaneck

Bergenfield

Englewood

Paramus Dumont

New Milford

Tenafly

Leonia

Bogota

Cresskill

Englewood Cliffs

Westwood

Closter

Oradell

Emerson

Demarest

Haworth AlpineEastchester

Bronxville

Pelham Manor

Wood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood RidgeWood Ridge

BronxBronxBronxBronxBronxBronxBronxBronxBronx

TeterboroTeterboroTeterboroTeterboroTeterboroTeterboroTeterboroTeterboroTeterboro

Barnard CollegeBarnard CollegeBarnard CollegeBarnard CollegeBarnard CollegeBarnard CollegeBarnard CollegeBarnard CollegeBarnard College

City College Of New YorkCity College Of New YorkCity College Of New YorkCity College Of New YorkCity College Of New YorkCity College Of New YorkCity College Of New YorkCity College Of New YorkCity College Of New York

Felician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician CollegeFelician College

Yonkers RacewayYonkers RacewayYonkers RacewayYonkers RacewayYonkers RacewayYonkers RacewayYonkers RacewayYonkers RacewayYonkers Raceway

College Of New RochelleCollege Of New RochelleCollege Of New RochelleCollege Of New RochelleCollege Of New RochelleCollege Of New RochelleCollege Of New RochelleCollege Of New RochelleCollege Of New Rochelle

Fordham UniversityFordham UniversityFordham UniversityFordham UniversityFordham UniversityFordham UniversityFordham UniversityFordham UniversityFordham University

Iona CollegeIona CollegeIona CollegeIona CollegeIona CollegeIona CollegeIona CollegeIona CollegeIona College

Manhattan CollegeManhattan CollegeManhattan CollegeManhattan CollegeManhattan CollegeManhattan CollegeManhattan CollegeManhattan CollegeManhattan College

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STATE HWY 3

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STATE HWY 3

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STATE HWY 4

STATE HWY 4

STATE HWY 4

STATE HWY 4

STATE HWY 4

STATE HWY 4

STATE HWY 4

STATE HWY 4

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STATE HWY 4

STATE HWY 4

STATE HWY 4

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5.00 Miles

3.00 Miles

1.00 Mile

GeorgeWashington

Bridge

IN the early 20th century, when most of the mansions on East Hill

here were being built, this small city was known as “Wall Street’s

bedroom.” Englewood’s proximity to Manhattan — only five

minutes to the George Washington Bridge — made it a perfect

haven for New Yorkers looking to build a big house somewhere

peaceful and quiet.

Today Englewood has a population of 27,000. It remains appealing

to commuters, and its housing stock, already highly diverse, is

becoming even more so with a new development offering upscale

apartments right over downtown shops.SITE

5

Page 6: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

exceptional marketThis market is exceptional by all standard demographic measures. Whether measuring the market by a 3 or a 15 minute drive time (excluding NYC), each boasts an average HHI over $100,000 annually, with 38% + of the HHs earnings over $100,000, a median home value of approximately $500,000, and a population in which approximately half hold a bachelor’s degree or higher.

3MILE RADIUS*

Populat ion149,622

Households53,496

Average HHI$142,922

Bachelor ’s Degree or Higher54.8%

Annual HHI of $100k+47.5%

15MINUTE DRIVE*

Populat ion902,698

Households332,845

Average HHI$108,248

Bachelor ’s Degree or Higher40.5%

Annual HHI of $100k+38%

*Not including New York City 6

Page 7: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

world-class companiesThe surrounding office market contains over four million square feet of corporate office facilities fueling the strong daytime population. Near the site is CNBC (700 employees), Unilever (600 employees), and Frenkel & Co., Inc. (200 employees).

196,015Dayt ime Workers

Within 5 Mi les*

21,443Businesses

Within 5 Mi les*

4,564,552 sfOf Corporate Off ice Faci l i t ies

Within 2 Mi les*

603Hotel Rooms

Within 2 Mi les*

*Not including New York City 7

Page 8: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

MUN

ICIP

AL PA

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G

13, 227 AADT

Palisades Plazaapartment rentals

COMING SOON!

COMING SOON!

N E W !

E A S T P A L I S A D E S A V E N U E

PARKING GARAGE

N. D

EAN

STRE

ET

N. V

AN B

RUNT

ST

S. V

AN BRU

NT ST

WE S T P A L I S A D E S A V E N U E

New Development 185 Residential

Units

Towne Centre at Englewood188 residential units

Bergen Performing Arts Center250,000 visitors per year

Dwight-Englewood

Prep School

872 students

106 teachers0.9 miles

N

SITE

Englewood Retail Map

8

Page 9: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

Site Photos

9

Page 10: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

29% City Lights

Household Type: Married CouplesHousing: Multi-Units, Single Family

We’re singles and married couples with and without children who own or rent single-family homes, townhouses, or mid- or high-rise apartments. We live in densely populated, racially and ethnically rich neighborhoods. We are passionate about social welfare and equal opportunity for all. We earn good incomes from working hard in professional and service occupations. To provide for a stable financial future and possible home ownership, we budget well, and will commute longer distances to support our urban lifestyle. Price-savvy, we shop for bargains at warehouse clubs, Walmart, or Target; we’ll also pay for favorite brands if we believe the quality merits. High speed internet access is available at home for basic browsing and online shopping. Texting is cumbersome; we’d rather call to chat since we’re not enamored with social media.

13% Urban Chic

Household Type: Married CouplesHousing: Single Family

We’re well-educated, married couple families and singles who live in the suburbs of major

metros on both coasts. Professional and managerial positions in technical and legal occupations fund our exclusive, upscale, and sophisticated lifestyles. Portfolios are healthy, filled with stocks, bonds, and real estate investments. Our houses range in style from pre-war to new construction, high-rises or single-family homes; two-thirds of us own our homes. Tech savvy, we’re tops for owning Apple products, and use our devices to shop, bank and research information. Leisure time is spent visiting museums, traveling, drinking imported wine, going out to the movies, skiing, and practicing yoga.

17% Pleasantville

Household Type: Married CouplesHousing: Single Family

Properous domesticity pervades our settled suburban neighborhoods in New Jersey, New

York, and California. We’re either empty nesters or sharing our homes with our adult kids. We’re happy staying put in our older, high value, single-family homes. Older homes mean more maintenance, so contracting for home improvement and remodeling projects is a priority. Two high incomes also support our affluent lifestyles, and provide our high net worth. We drive imported SUVs serviced at the local gas station or car dealership. Internet usage includes shopping, paying bills, and tracking investments. Going to the beach, visiting museums and theme parks, and going to rock concerts fills our spare time. 10

Page 11: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

DEMOGRAPHICS*

*Not including New York City

1 mile radius 2 mile radius 3 mile radiusPopulation

2017 Estimated Population 19,311 63,735 149,6222022 Projected Population 19,912 65,463 153,502

2010 Census Population 18,303 60,742 140,8892000 Census Population 17,736 59,359 138,167

2017 Median Age 39.2 41.1 41

Households2017 Estimated Households 6,915 22,542 53,4962022 Projected Households 7,188 23,313 55,276

2010 Census Households 6,659 21,809 51,1902000 Census Households 6,098 20,944 50,663

Projected Annual Growth 2017 to 2022 0.8% 0.7% 0.7%Historical Annual Growth 2000 to 2017 0.8% 0.4% 0.3%

Households by Race2017 Estimated White 41.7% 42.7% 49.0%

2017 Estimated Black or African American 35.9% 29.5% 17.4%2017 Estimated Asian & Pacific Islander 6.8% 16.8% 23.5%

2017 Estimated American Indian & Native Alaskan 0.5% 0.4% 0.3%2017 Estimated Other Races 15.1% 10.7% 9.8%

2017 Estimated Hispanic 31.9% 21.7% 20.3%

Income2017 Estimated Average Household Income $140,173 $147,931 $142,9222017 Estimated Median Household Income $91,596 $109,004 $106,294

2017 Estimated Per Capita Income $50,242 $52,398 $51,181

Education (Age 25+)2017 High School Graduate 22.1% 19.8% 19.7%

2017 Some College 15.7% 13.7% 12.6%2017 Associates Degree Only 3.6% 4.9% 5.2%2017 Bachelors Degree Only 28.4% 31.4% 32.4%

2017 Graduate Degree 18.7% 22.0% 22.4%

Business2017 Estimated Number of Businesses 1,786 4,486 8,853

2017 Estimated Total Number of Employees 14,543 45,200 77,779

11

Page 12: Englewood, New Jersey 2,000 sf available for lease · 2018. 10. 4. · Englewood, NJ is located in north-east New Jersey, in Bergen County. It is a good place to live, work, and shop.

Whether it is financial services, high end designers, new retail concepts, big boxes or major owners and developers; Ripco can implement storefront strategies. We understand retail real estate in New Jersey has an intrinsic value and we can help in ascertaining that worth for both retailers and developers. This information has been secured from sources we believe to be reliable, but we make no representations as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Colby Piper [email protected]

201.777.2300

125 Chubb AvenueSuite 150 S Lyndhurst, NJ 07071

www.ripconj.com

EXCLUSIVE REPRESENTATION