Updated Oct 12, 2026
Lidl Acquires Retail Property On NJ-18 In East Brunswick For $6.35M
651 New Jersey Highway 18
$6,350,000
$158/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Oct 4, 2022
About this deal
AI
Lidl has recently purchased a retail property located at 651 NJ-18 in East Brunswick, NJ. The property consists of a 40,000 square foot building situated on a 2.75 acre site. The purchase was made from Time Equities for a total sale price of $6,350,000, resulting in a price per square foot of $159. Lidl plans to redevelop the site and build a new discount grocery store.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,350,000
- Address: 651 NJ-18, East Brunswick, NJ
- Market: East Brunswick, NJ
- Buyer: Lidl
- Seller: Time Equities
- Broker: Shane Wierks - Jeffery Realty
- Total Square Footage: 40,000 SF
- Price per Square Foot: $159
Shane Wierks from Jeffery Realty represented Lidl as their broker in this transaction.
On the Map
$6,350,000
$158/SF
Retail
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Players
East Brunswick Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93