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365 Us 202

Jack Sinclair Of Sprouts Farmers Market Leases 28750 SF Retail Space In Bridgewater
LEASEDRetail

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:

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

Mike Horne

Ripco

Broker

$20.5M

vol

7 deals

Broker
Matthew Harding

Matthew Harding

Levin Management

Landlord

1 deal

Landlord

Jack Sinclair

Sprouts Farmers Market

Tenant

2 deals

Tenant

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