YK Millville LLC Acquires Retail Center From AF LLC In Millville For $2.4M

The retail asset involved in the transaction is a Dollar Tree Plaza located at 700 North 2nd Street in Millville. The property encompasses a total of 33,841 square feet and was acquired for a sale price of $2,400,000, reflecting a price per square foot of $71. The center is nearly fully leased to tenants, including Dollar Tree and Family Dollar.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,400,000
• Address: 700 North 2nd Street
• Market: Millville
• Total Square Footage: 33,841
• Price Per Square Foot: $71
• Buyer: YK Millville LLC
• Seller: AF LLC
• Broker: Alan Sussman - AJ Sussman Co.

YK Millville LLC plans to lease a roughly 5,000-square-foot endcap of the retail center to a food operator, demonstrating ongoing demand among investors for stabilized neighborhood retail assets. This transaction highlights the interests of both the buyer and seller in securing a beneficial deal in the retail market.