This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Springfield Avenue Marketplace 204-234 Springfield Ave
1,800 - 3,647 SF of Retail Space Available in Newark, NJ 07103
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 11 | 1,800 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD | ||
| 1st Floor, Ste 7 | 1,847 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
192 Springfield Ave - 1st Floor - Ste 11
2nd gen restaurant - Popeyes moving to a padsite
- Highly Desirable End Cap Space
204-234 Springfield Ave - 1st Floor - Ste 7
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
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 agent 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 Springfield Avenue Marketplace
- Tenant
- Description
- US Locations
- Reach
- Angel Nails
- Nail Salon
- 1
- Local
- Ashley Steward
- Ladies' Apparel
- 139
- National
- Popeye's
- Retailer
- -
- -
- Sarku Japan
- Restaurant
- 231
- International
- ShopRite
- Retailer
- -
- -
- Taco Bell
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Angel Nails | Nail Salon | 1 | Local |
| Ashley Steward | Ladies' Apparel | 139 | National |
| Popeye's | Retailer | - | - |
| Sarku Japan | Restaurant | 231 | International |
| ShopRite | Retailer | - | - |
| Taco Bell | Retailer | - | - |
PROPERTY FACTS FOR 204-234 Springfield Ave , Newark, NJ 07103
| Centre Type | Neighborhood Center | Gross Leasable Area | 108,458 SF |
| Parking | 175 Spaces | Total Land Area | 7.67 AC |
| Stores | 18 | Year Built | 2015 |
| Centre Properties | 7 |
| Centre Type | Neighborhood Center |
| Parking | 175 Spaces |
| Stores | 18 |
| Centre Properties | 7 |
| Gross Leasable Area | 108,458 SF |
| Total Land Area | 7.67 AC |
| Year Built | 2015 |
About the Property
• A $94M mixed-use retail/residential development on Springfield Avenue in Newark. • Anchored by ShopRite and receiving 2.6M annual visits, this 108,416 SF center is located at a signalized intersection between Jones & Prince Streets. • New Popeyes with drive-thru under development • This development is just minutes away from the Four Corners Historic District and downtown Newark, making it an ideal location. Plus, with 63 public schools serving approximately 37,000 students and five universities educating around 60,000 students, this area is bustling with activity. • Featuring 152 on-site apartment units and 629 parking spaces, this development is sure to bring in a steady stream of loyal customers.
Nearby Major Retailers
-
Power Broker E.J. Moawad -
Power Broker Ed Vasconcellos - Levin Management Corporation - Brokerage
Presented by
Levin Management Corporation - Brokerage
Springfield Avenue Marketplace | 204-234 Springfield Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.