- For Sale $3,230,769
- Property Type Retail
- Property Size 3,500 SF
- Lot Size 1.48 Acre
- Cap Rate % 6.5
- NOI / YR $210,000.00
- Date Updated Apr 9, 2026
- Visibility/Traffic Count (VPD) 24,000
Description
3,500 SF cannabis dispensary on +/- 1.48 acres Located within a dense market with a daytime and residential population of approximately 97,800 and 117,000 respectively within 5 miles Strong vehicular traffic along Route 27 with over 24,000 vehicles per day connecting to major towns Princeton, New Brunswick and Edison amongst others Located along Route 27, a prominent retail corridor with strong market co-tenancy including Wawa, Stop and Shop, CVS and Dunkin Donuts amongst other national and local retailers +/- 1.48-acre vacant lot with a variety of permitted uses available for purchase alongside the dispensary Ability to purchase both properties at $4,200,000 Franklin Park has seen tremendous household median income growth with an 11.5% increase from $95,000 to $106,000 Strong tenancy with the cannabis market in New Jersey rapidly expanding, with recreational sales reaching $201 million in Q1 2024 - a 38% increase from 2023.
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Contacts
Pierson Commercial Real Estate
Location
Located at 3231 Route 27, Franklin Township, NJ 08823, this property is part of the Franklin Park neighborhood and New Jersey market.
Pierson Commercial Real Estate