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29792768
29792769

2445 Springfield Ave, Union, NJ 07088

KO
NJ NJ 9808249
JLL - Morristown, New Jersey
AG
IL IL: #475.189621
JLL - New York City, New York
TR
IL IL 475.208807
JLL Chicago | Americas Headquarters
Listed by JLL - Morristown, New Jersey, JLL - New York City, New York, JLL Chicago | Americas Headquarters
Unpriced
111 days on market
Updated 19 days ago

The Home Depot Superstore - Vauxhall, NJ

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 232,000
Occupancy 100%
Tenancy Single
Brand/Tenant Home Depot
Lease Type Absolute NNN
Lease Term 30.9
Lease Expiration 01/31/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options 10 x 5 Years
Year Built 1967
Acreage 17.548
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/20/2008
Ground Lease Yes

Trophy Home Depot Opportunity in Infill Northern NJ

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of The Home Depot Super Store Vauxhall (the "Home Depot" or “Property”), a ±232,000-square-foot, single-tenant retail facility located in the Vauxhall section of Union Township, New Jersey. The Property operates under an absolute NNN ground lease with approximately 13 years of firm term remaining, and 7.5% rent increases every five years through ten five-year renewal options, offering investors long-term, predictable cash flow with zero landlord responsibilities. As the largest Home Depot location in the world, the store supports retail sales, storage, and regional operations, ranking in the 98th percentile nationally, with roughly 1.5 million annual visits per Placeri.AI. The Home Depot, rated A (S&P) and A2 (Moody’s), and the 24th largest public company by market cap at $414B, is one of the most stable and desirable credit tenants in the single-tenant net lease market.

Investment highlights

  • World's Largest Home Depot with Institutional Grade Credit

  • Premier Northern New Jersey Retail Corridor with Strong Connectivity

  • Affluent and Densely Populated Trade Area Supporting Long-Term Stability

Listing Contacts

KO
NJ NJ 9808249
JLL - Morristown, New Jersey
AG
IL IL: #475.189621
JLL - New York City, New York
TR
IL IL 475.208807
JLL Chicago | Americas Headquarters
Listed by JLL - Morristown, New Jersey, JLL - New York City, New York, JLL Chicago | Americas Headquarters

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Additional Information

Name
Kevin O'Hearn
License
NJ 9808249
Brokerage
JLL
Brokerage Phone
9735492000
Title
Sr. Managing Director
Brokerage Address
67 East Park Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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