QuickChek leases site in Emerson shopping center

By Lynda Cohen
Emerson | Oct 31, 2017 at 11:54 am
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A QuickChek is coming to Emerson.

The convenience store chain will take over the 4,700-square-foot location at 354 Kinderkamack Road, The Hampshire Cos. announced.

The financial terms are not being disclosed.

QuickChek Corp. has more than 149 locations, and employs more than 4,000 people, with an annual revenue of more than $1 billion.

QuickChek puts its stores in high-traffic and high-visibility locations throughout New Jersey and New York.

The Emerson site is on an outparcel to a Super Stop & Shop- and Marshalls-anchored retail center.

QuickChek benefits from the upscale demographics of Bergen County, the most populous county in New Jersey, with a population of 939,151, and one of the wealthiest counties in the nation, with a median household income of approximately $85,000, the company noted in a release.

“QuickChek has built a reputation in the New Jersey and New York markets for securing the best locations for their stores and operating them in a manner that makes them strong long-term income-generating investments,” said Igor Derbaremdiker, director of dispositions for The Hampshire Cos.  “This sale aligned with our investment strategy for the property as we recognized the high demand for well-located, stabilized convenience store retail assets in New Jersey would enable us to offer a high rate of return to our investors.”

CBRE Executive Vice President Chris Bosworth represented The Hampshire Cos. in the transaction.