A 25,898-square-foot shopping center located at 881 Main Street in Sayreville has been acquired by a private investor for $7.2 million. The property is 97 percent leased to 14 regional and local tenants, with notable occupants including QuickChek. The center boasts a strong tenant mix, triple-net leases, and is strategically situated near the Garden State Parkway, serving a substantial surrounding population.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,196,000
• Market: Sayreville
• Brokers: Alan Cafiero & Brent Hyldahl - Marcus & Millichap
• SF: 25,898
• PPSF: $278

Alan Cafiero and Brent Hyldahl of Marcus & Millichap played crucial roles in the transaction, representing the undisclosed seller and facilitating the deal. The property garnered significant investor interest and received multiple offers, thanks to its attractive attributes and prime location. Their expertise in navigating the sale highlighted the center's appeal to potential buyers and solidified the successful transaction.