Rare Big Box Vacancy Coming in Southern New Jersey
The K-Mart location in Somers Point, New Jersey announced plans to close its doors by year-end. K-Mart occupies over 106,000 SF and holds an anchor tenant position at Somers Point Plaza, a regional power center located on New Road (Route 9) & Bethel Road in Somers Point, Atlantic County, NJ.
Soloff Realty & Development, Inc. handles leasing at Somers Point Plaza and is actively marketing the vacancy which will become available Q1 2020.
“While it is always unfortunate to see a retailer fail, we are looking at the up-side potential,” said Richard Soloff, President of Soloff Realty & Development Inc. “This is an exciting opportunity to secure a vibrant new tenant (or tenants) that will provide a fresh retail experience-as well as stable employment opportunities-for the surrounding community,” he added.
The Somers Point trade area serves the surrounding counties including Egg Harbor Township, Linwood, Margate, Longport, Ocean City, and others. This trade area is affluent, with an average household income of more than $96,000 within a 3-mile radius. Somers Point Plaza is one of two power centers at the intersection of Route 9 and Bethel Road. It contains a strong tenant mix of nationally recognized retail stores including ACME Market, PetSmart, Big Lots, West Marine, Hand & Stone, and Verizon. Primo Hoagies, a local favorite, is coming soon.