ShopRite | Waretown, NJ
Leasehold Interest | 9.00% CAP | 60,800 SqFt
Marketing description
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the leasehold interest in a ShopRite-anchored property tenanted by Saker ShopRites, Inc., one of the most prominent and experienced grocery operators in the region. As a key member of Wakefern Food Corporation—the largest retailer-owned cooperative in the United States—Saker benefits from the scale and support of a $20.1 billion retail platform, while operating with localized market insight and consistency.
Investment highlights
LEASEHOLD INTEREST WITH 100% DEPRECIATION
Leasehold structure allows for full depreciation of the improvements, providing enhanced after-tax returns compared to fee simple investments.
ESSENTIAL, NATIONALLY RECOGNIZED GROCER
Saker ShopRites, a key member of the Wakefern Food Corporation cooperative, operates the only grocery store within a 5-mile radius. Backed by ShopRite’s 300+ locations and $20B+ in annual retail sales, the tenant combines local market strength with national scale and buying power.
LAND PURCHASE OPTION ADDS LONG-TERM FLEXIBILITY
Tenant may purchase the land at fair market value starting in year 35 and every five years thereafter, providing future optionality for ownership consolidation.
STRONG DEMAND IN COASTAL COMMUNITY
Just inland from Long Beach Island, the property benefits from a stable year-round population—unlike many Jersey Shore towns with seasonal demand spikes.
PROVEN FOOT TRAFFIC – 1.3M ANNUAL VISITS
Waretown Town Center draws over 1.3 million visitors annually (Placer.ai), supporting ShopRite’s position as an essential, high-performing anchor.
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