Building small retail shopping center on 0.8 acre land

[Rao Mu]

I'm thinking about developing a small strip center in a 0.8 acre land. The land is flat and square and no issues. Need to demolish two houses. Environmental seems clean. Demographics are excellent for central New Jersey with median income more than 100k and VPD more than 20k. There is a 50k sqft shopping center next door charging around 22-24$ NNN. I'm trying to estimate what is the best use of this piece of land? I'm thinking like 9k sq ft small strip cemter with 36-40 parking. 150$ per sft construction including demolition and buildout. Any thoughts? I'm reverse engineering to find the cost to buy land. A block away I see McDonalds closer to interstate highway. Any other best uses biggerpocketers can think of?