Franklin Shopping Center in Franklin, NJ
Andrew Stewart and Dev Morris arranged $4.0 million in financing for Franklin Shopping Center, a 56,100 sf retail center located along the Route 23 retail corridor in Franklin, Sussex County, New Jersey. The subject property features a mix of national and regional tenants including ShopRite Liquors, Dollar Tree, and Mandee, among others.
Franklin Shopping Center has excellent visibility and access via two points of ingress and egress along the Route 23 retail corridor, one of which is the signalized intersection of Franklin Road and Route 23, with traffic counts of 18,700 vehicles per day.
Franklin, New Jersey, is a borough located in Sussex County with a population of 5,045 residents as of the 2010 US Census. Within a 5-mile radius of the subject property there are 26,000 residents with an average household income of approximately $104,000. The median home value is $271,000. Franklin is located approximately 40 miles northwest of Manhattan and less than 15 miles from the border of New York and northern New Jersey.