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55 Nj 4

SOLDRetail

Raising Cane’s Chicken Fingers Acquires Retail Property In Paramus For $7.1 Million

55 Nj 4

$7,100,000

$317/SF

Building Size

22,364 SF

Asset Type

Retail

Closing

Aug 3, 2026

AI

A 1.72-acre retail property located at 55 East Route 4 in Paramus, NJ has been sold for $7.1 million. The property, previously home to a 22,364-square-foot Stickley furniture store, is situated in a prime location with relevance to the busy Route 4 and Route 17 corridors.

Summary of transaction details:

The transaction underscores the efforts of Greiner-Maltz Real Estate and BellCornerstone in marketing the property, resulting in the establishment of Raising Cane's first location in Bergen County.

Players

Matthew Ledvina

Greiner-Maltz Real Estate

Broker

$19.2M

vol

2 deals

Broker
Raising Cane’s Chicken Fingers
Raising Cane’s Chicken FingersBuyer

Paramus Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93