AutoZone - Bloomfield, NJ
AutoZone | 5.25% CAP | 6,000 SF
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,000 SF AutoZone located at 171 Bloomfield Avenue in Bloomfield, NJ. This asset features new 2020 construction on a 0.57-acre lot, along with a 10% rent increase in 2030 and three (3), five-year renewal options, each with additional 10% escalations. These strong, built-in rent bumps, combined with the modern construction, make this a compelling and secure investment opportunity. Can be sold individually or part of a portfolio. Contact brokers for more details.
Investment highlights
This property may be purchased individually or as part of a five-property portfolio. See the following page or contact the broker for additional details.
Investment Grade Tenant and Corporate Guarantee: 10 Years of Term Remaining backed by AutoZone (S&P: BBB).
Hands-Off Investment Opportunity: Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities.
Built-in Rent Growth: 10% increase in 2030, plus three (3), five-year renewal options with additional 10% escalations.
Modern 2020 Build: New 2020 construction on a 0.57-acre lot.
Hard Corner & Strong Traffic Counts: Over 20,000 VPD pass this store at the corner of Bloomfield Ave and Berkeley Ave.
Strong Demographics: Over 393,368 population within 3 miles, average household incomes of $95,591, and average home values of $436,023.
Prime Transit-Oriented Location: Within 0.50 miles of multiple shopping centers, national retailers, 20+ multifamily buildings, and the Grove St Train Station, which runs to Newark Penn Station.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
