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New York & Tri-State  + Tri-State  + Retail  | 

Middlesex Strip Center Trades for $7M

Marcus & Millichap has arranged the sale of Quick Chek Plaza, a 25,800-square foot assemblage of retail shops at 881 Main St. in the Middlesex County community of Sayreville, NJ for $6.725 million.

Alan Cafiero, Brent Hyldahl, Ben Sgambati and Michael DeVita, investment specialists in Marcus & Millichap’s New Jersey office, marketed the property on behalf of the seller, a developer. The team also secured and represented the buyer, a limited liability company.

“There is still a demand for well-located retail centers with smaller, service-oriented tenants,” said Cafiero. “We received multiple offers on this asset, which generated a sub-7% cap rate.”

Quick Chek Plaza benefits from its location near Garden State Parkway Exit 124, seeing over 15,000 cars per day on Main Street. The strip center is currently 89% occupied with 13 tenants.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Marcus & Millichap's Cafiero

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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