Updated Oct 7, 2025
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
About this deal
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.
On the Map
Retail
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Players
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