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871 Brunswick Pike

David Trone And Robert Trone Lease 32,000 SF To Total Wine & More In North Brunswick
LEASEDRetail

David Trone And Robert Trone Lease 32,000 SF To Total Wine & More In North Brunswick

871 Brunswick Pike

Building Size

32,000 SF

Asset Type

Retail

Closing

Oct 1, 2025

AI

The property asset involved in this transaction is a retail space located at 871 Route 1 in North Brunswick, New Jersey. The total square footage of the property is 32,000, which is part of a 124,000 SF center that is now fully leased. The market for this asset is North Brunswick.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Square Footage: 32,000
  • Address: 871 Route 1
  • Market: North Brunswick
  • Tenant: David Trone & Robert Trone - Total Wine & More
  • Brokers: Ed Vasconcellos III - LEVIN Management

Total Wine & More has signed a lease and will co-anchor the North Village Shopping Center with Trader Joe’s. The center, managed by Levin Management Corp., attracts over 2.5 million visits annually.

Players

Ed Vasconcellos III

LEVIN Management

Broker

5 deals

Broker
LEVIN Management
LEVIN Management Brokerage
David Trone

David Trone

Total Wine & More

Tenant

1 deal

Tenant
Total Wine & More
Total Wine & MoreTenant

Monmouth Junction 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