Jack Sinclair Of Sprouts Farmers Market Leases 28750 SF Retail Space In Bridgewater
365 Us 202
Building Size
28,750 SF
Asset Type
Retail
Closing
Mar 24, 2026
AI
The retail asset located at 365 Us 202 in Bridgewater encompasses a total square footage of 28,750. This property is part of the larger 219,000 SF Somerset Shopping Center, which is designed to attract significant consumer traffic.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Matthew Harding - Levin Management
- Tenant: Jack Sinclair - Sprouts Farmers Market
- Landlord's Representative: Vanessa Fernandez-Kelty & Ed Vasconcellos III - LEVIN Management
- Tenant's Representative: Mike Horne & Steven Winters - Ripco
Sprouts Farmers Market has signed a lease agreement to anchor the Somerset Shopping Center, co-anchoring alongside Barnes & Noble. Levin Management Corp. is actively enhancing the tenant mix with recent additions such as D1 Training, Boot Barn, and Strand Salon Studios, which has contributed to an increase in foot traffic and overall occupancy at the center.
Players
Bedminster Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93