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:
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 55 East Route 4
- Market: Paramus, NJ
- Acres: 1.72
- Square Footage: 22,364
- Price per Square Foot: $317
- Buyer: Raising Cane’s Chicken Fingers
- Seller: E.C.A. Paramus LLC
- Brokers: Matthew Ledvina & Raymond Musalo - Greiner-Maltz Real Estate; Mark Bethmann - BellCornerstone
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
Paramus 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93