Mixed-Use Development 30 Acres +/-
Chester Borough, New Jersey - 2 W Main St. Corner of Rt. 206, Rt. 24 and Mill Ridge Lane
Target IRP
9-11%
Equity Multiple
2.0x-2.5x
Asset Type
Retail
Hold Period
5
Inv. Objective
Growth
Inv. Minimum
$50,000
Target IRP
9-11%
Equity Multiple
2.0x-2.5x
Asset Type
Retail
Hold Period
5
Inv. Objective
Growth
Inv. Minimum
$50,000
Project Summary
The subject property Chester Town Center and Mill Ridge Lane are located on the corner of Route 206 and W Main Street (Route 24) in Chester, NJ at the former Larison’s Turkey Farm established in 1800.
The opportunity is Co-GP ownership in the approved mixed use development which includes;
• 15,000 sf – CVS Pharmacy
• 6,500 sf – Restaurant with outdoor patio, porch seating,
280 seats total and a 10 acre farm
• 20,000-sf – Medical Building
• 5,000 sf – General Office building
• 20 Luxury Townhomes
Area Overview
