The Shoppes at Lafayette (117K SF Value/Add Retail + 132 Approved Apts.) - 75 NJ-15, Lafayette Township, NJ

Significant Value-Add Opportunity

• 64% Occupied With 40,000+ SF of Vacancy, Creating Immediate Upside Through Lease-up, Rent Growth, and Tenant Repositioning 

Mixed-Use Redevelopment Potential 

• Preliminary Approvals for 132-Unit Multifamily Development Provide a Rare Opportunity to Create a True Mixed-Use Asset and Unlock Substantial Additional Value 

Recently Renovated, Turnkey Asset

• Upgraded Shopping Village with Minimal Near-Term Capex Required and Strong Leasing Momentum Post-Renovation 

Unique Destination Retail Concept

• Highly Differentiated Village-Style Layout Driving Experiential Retail Traffic, Repeat Visits, and Tenant Demand Not Replicable in Traditional Strip Centers 

Proven Leasing Momentum

• Over 30+ New Tenants Signed Since Renovation, Validating Demand and Providing a Clear Path to Stabilization 

Scale + Land = Future Flexibility

• ±117,000+ SF on 23+ Acres Across Nine Parcels with Excess Land for Expansion, Redevelopment, or Pad Monetization 

Strong Traffic & Regional Draw

• Located Along Route 15 and Route 94 with ~38K Vehicles Per Day, Attracting Shoppers from Across Sussex, Morris, and Warren Counties 

Affluent, Underserved Market

• $150K+ Average Household Incomes and Limited Competing Retail Supply Support Long-Term Rent Growth and Tenant Demand