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EDGEWATER MARKETPLACE725 River Road
Edgewater, New Jersey2,805 sf available for lease
Bank Space with Drive-Thru Available
Space Available 2,805 sf
Asking Rent Upon Request
NNN $11.05
Possession 2019
Co-Tenants Trader Joe’s, PetValu, Massage Envy, Orange Theory Fitness, Harmon Face Values
Comments
• Space currently Chase Bank• Fully leased shopping center• Renovations recently completed• High traffic count - 33,475 AADT• Abundant on-site parking• Scenic views of Manhattan• Outside seating and dining along 400-foot long boardwalk on the Hudson River• Pylon signage available• Remote drive-thru
EDGEWATER MARKETPLACE725 River Road
Edgewater, New Jersey2,805 sf available for lease
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3208,126
Overa l l Populat ion
50,442Employee Populat ion
$100,312Average HHI
40.7%Bachelor ’s Degree or Higher
34.3%Annual HHI of $100k+
MILE RADIUS (excluding NYC)
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• 30 minutes from Newark Airport via car• 13 minutes from Manhattan via ferry
Centrally Located. Easily Accessible.
Manhattan
George WashingtonBridge
Lincoln Tunnel
The Bronx
Brooklyn
Hoboken
Weehawken
WES
T SI
DE
HIG
HW
AY
YankeeStadium
Ferry Landing
Edgewater, whose northern border is less than a mile south of the George Washington Bridge, is in the throes of a metamorphosis from a worn-out backwater of deserted factories into a high-toned extension of New York City. Mixed-use complexes of luxury apartments, condominiums, offic-es and upscale retail stores have sprouted on former brownfields and on piers that were extended 500 feet into the river in the 1920’s to support a Ford Motor Company assembly plant and a naval base.
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About Edgewater:
Whole Foods
Le Jardin
Edgewater is a small borough in Bergen County, New Jersey just across the Hudson River from upper Manhattan. With less than a square mile of total land area formed into an irregular oblong shape, the borough is tucked between the mighty river and the towering Palisades cliffs. The local population has grown tremendously in recent years as an influx of immigrants from Asia and Latin America has encouraged the development of the last remaining parcels of open Edgewater NJ real estate. Today, the borough’s population exceeds 11,000 and is main-ly concentrated in modern townhouses, condos, low-rise apartment buildings and cozy single-family homes lining leafy side streets.
In addition to its burgeoning immigrant community, Edgewater is popular with young families looking for convenient access to Man-hattan without its high cost of living. Edgewater NJ homes for sale enjoy high visibility thanks to the borough’s central location within the region. The borough is well-connected to the nearby city and the rest of Bergen and Hudson Counties by a robust transportation net-work that includes regular ferry service and River Road, a major local thoroughfare. There are five shopping centers lining this road within Edgewater’s borders, attracting shoppers from across the river and throughout Bergen County, making the area something of a regional retail destination. Edgewater Town Centre, at the borough’s northern end, is the most upscale of these, with a Whole Foods and other lux-ury retailers.
View of Manhattan from Edgewater
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N
Edgewater Marketplace
Edgewater Commons
Edgewater City Place
carter’s
Edgewater Town Center
The ModernLuxury Residential Rental900 Total Units2 Buildings 47 Stories-75,000 SF square feet of indoor and outdoor resort-style ameni-ties
Hudson Lights276 Residential Units- Mixed-use development in excess of one million square feet including retail, residential, office and/or hotel
Edgewater Harbor
Henley on Hudson at Port ImperialLuxurious Waterfront Condo and Townhouse Development- 201 Units
The Brownstones at Port ImperialLuxurious Waterfront Townhomes- 42 Units
RiverParc at Port ImperialLuxury Apartment Building- 10 Story, 280 Unit
The Avenue Distinctive Luxury Waterfront Condominiums- Building 1 - 74 unit- Building 2 - 103 Condos
RiversEdge at Port Imperial- 236 Unit Rental Apartments
Riverwalk PlaceRiverTrace at Port Imperial
AvoraLuxury Condominium Building- 11 Story, 184 Unit
Landings at Port Imperial- 276 Units
Bulls Ferry - 510 UnitsJacobs Ferry- 510 Units
Riverbend at Port Imperial
Galaxy Towers Condominiums
The Duchess Apartments- 320 Rental Units
The Alexander Apartments- 280 Rental Units
The Admirals Walk Condominium- 300 Rental Units
Waterside Condominiums- Residential
Grand Cove - Residential
Mariners Landing- Residential
Avalon at Edgewater - 408 Rental Units
Infinity Edgewater Apartments- 100 Rental Units
One Hudson Park Condominium- 100 Rental Units
33,475
AADT
RIVER ROAD
RIV
ER R
OA
D
Gold Coast Residential and Retail Map
Avalon at Edgewater
Edgewater Marketplace
SITE
N
Bank Space Map
RIVER ROAD
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Crown Village
Sugar FactoryApartments
Waterside Plaza
Mariner’s Landing
Grand CoveApartments
EDGEWATER COMMONS
EDGEWATER TOWNE CENTER
EDGEWATER MARKETPLACE
BinghamtonTennis Club
RIVER ROAD
33,475 AADT
N
NYC Views
Outdoor Seating
Avalon ofEdgewater
Edgewater Market Map
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In a five-mile radius*:
400,971 residents...
158,711 daytime population...
*Excluding NYC
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Consumer Profiles
Laptops & Lattes • 75% have a bachelor’s degree or higher• City dwellers, primarily renting in apartment buildings• Spend money on nice clothes, dining out, travel, treatments at day spas, and lattes at Starbucks• Use their laptops, iPads, and mobile phones extensively to stay connected• Physical fitness a priority, exercising at a club or other facility on a regular basis
Starbucks West Elm
Anthropologie Trader Joe’s
$93,000median household income
Managementtop occupation
top 3 budget allocations
pensions & social security
housingeducation
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Enterprising Professionals
• Over half hold a bachelor’s degree or higher• Buy name brands and trendy clothes online• Early adopters of new technology in hopes of impressing peers with new gadgets• Strive to stay youthful and healthy, eat organic and natural foods , run and do yoga• Leisure activities include gambling, trips to museums and the beach.
Apple Inc.
Banana Republic
Yoga
$77,000median household income
Managementtop occupation
top 3 budget allocations
pensions & social security
housingeducation
Fine Arts
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1 mile radius * 3 mile radius * 5 mile radius *Population
2018 Estimated Population 35,369 208,126 400,9712023 Projected Population 36,375 213,258 409,717
2010 Census Population 33,364 195,057 372,9472000 Census Population 30,176 182,471 357,865
2018 Median Age 40.9 39.7 39.0
Households2018 Estimated Households 15,185 81,961 153,1152023 Projected Households 15,822 85,433 159,402
2010 Census Households 14,573 77,650 143,4882000 Census Households 13,304 73,765 138,033
Projected Annual Growth 2018 to 2023 0.8% 0.8% 0.8%Historical Annual Growth 2000 to 2018 0.8% 0.6% 0.6%
Households by Race2018 Estimated White 60.9% 57.3% 57.3%
2018 Estimated Black or African American 4.3% 4.4% 6.6%2018 Estimated Asian & Pacific Islander 23.1% 23.2% 18.5%
2018 Estimated American Indian & Native Alaskan 0.3% 0.6% 0.6%2018 Estimated Other Races 11.5% 14.6 17.0%
2018 Estimated Hispanic 26.9% 42.4% 46.6%
Income2018 Estimated Average Household Income $120,011 $100,312 $100,0782018 Estimated Median Household Income $88,702 $74,792 $75,940
2018 Estimated Per Capita Income $51,528 $39,522 $38,270
Education (Age 25+)2018 High School Graduate 22.9% 25.2% 25.8%
2018 Some College 12.5% 14.2% 14.5%2018 Associates Degree Only 4.7% 5.3% 5.232018 Bachelors Degree Only 31.9% 26.8% 24.7%
2018 Graduate Degree 18.6% 13.9% 13.7%
BusinessNumber of Businesses 1,368 7,303 16,619
Total Number of Employees 9,477 50,442 158,711*Excluding NYC
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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.
Alison [email protected]
Curtis [email protected]
www.ripconj.com
125 Chubb AvenueSuite 150 S Lyndhurst, NJ 07071201.777.2300
EXCLUSIVE REPRESENTATION
