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32026532
32026531

Burlington Mt Holly Road & Irick Road, Westampton, NJ 08060 For Sale

BH
CT 756500, MA 133395
Horvath & Tremblay
MN
MA 134870
Horvath & Tremblay
ML
NJ 0569706
Horvath & Tremblay
Listed by Horvath & Tremblay
$6,250,000
83 days on market
Updated 32 days ago

QuickChek

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,670
Cap Rate 6%
NOI $375,000
Occupancy 100%
Tenancy Single
Lease Expiration 05/31/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2026
Acreage 2.750
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2026
Ground Lease No

Retail | 6.00% Cap | 5,670 SqFt

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the new construction single tenant QuickChek Ground Lease located at Burlington- Mount Holly Road and Irick Road in Westampton, NJ (the “Property”). The new construction building is set to be completed in 2026; QuickChek has signed a 20-Year Absolute NNN Ground Lease that is followed by four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each option period.

The Property is situated along Burlington-Mount Holly Road (CR 541), the area’s primary commercial and commuter corridor, and is directly adjacent to The Gateway, an upcoming commercial development positioned at the intersection of Burlington-Mount Holly Road and Irick Road. The Property will feature multiple access points and will benefit from outstanding frontage and visibility as well as close proximity to Interstate 295 and the NJ Turnpike. The Property is less than a mile from The Crossings, a large industrial development anchored by Amazon that will feature three industrial/warehouse buildings and will contain approximately 1.9 million square feet and is across the street from Towne Crossing Shopping Center, a 400,000+ square foot regional center anchored by Home Depot, Target, Kohl’s, and Dick’s Sporting Goods. Additionally, the Property is seconds from an under construction 500-unit apartment community.

Westampton is a suburb of Philadelphia, approximately 20 miles northeast of the city.

Investment highlights

NEW CONSTRUCTION: The new construction building is set to be completed in 2026; QuickChek will operate under a 20-year Absolute NNN Ground Lease with four (4), 5-year renewal options..

ATTRACTIVE RENT INCREASES: The QuickChek lease calls for attractive 10% rent increases every five years throughout the primary lease term and renewal options, providing the investor with an attractive increase in revenue and hedge against inflation.

ZERO MANAGEMENT RESPONSIBILITIES: QuickChek has an Absolute NNN Ground Lease; QuickChek is responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).

DYNAMIC TENANT: QuickChek is a well-established convenience retail and fresh-food operator with more than 150 locations across New Jersey and New York. Founded in 1967, QuickChek operates a strong regional brand with award- winning food-and-beverage offerings and fuel services at many locations. Now a wholly owned subsidiary of Murphy USA, QuickChek benefits from the scale and operational strength of a national public company while maintaining a strong regional brand identity. The company has experienced steady growth over recent years and continues to pursue strategic expansion and redevelopment opportunities throughout the Northeast.

PRIME RETAIL LOCATION: The Property is extremely well located at the intersection of Irick Road and Burlington-Mount Holly Road, adjacent to the area’s latest commercial development, The Gateway. The Property will feature multiple access points and outstanding frontage and on Burlington-Mount Holly Road, the area’s primary commercial and commuter corridor. Positioned between Interstate 295 and the NJ Turnpike, the area is home to countless national retailers and restaurants, and several large industrial parks that drive traffic to the area. The immediate area has seen significant redevelopment with the construction of The Crossings and The Shops at the Crossings. The Property is also close to area schools, downtown Burlington and Mount Holly, and the banks of the Delaware River.

AREA DRIVERS: QuickChek is less than a mile from The Crossings on Burlington- Mount Holly Road, a large industrial development that is anchored by an Amazon Distribution Center and will feature three industrial/warehouse buildings and will contain approximately 1.9 million square feet of space. Towne Crossing Shopping Center, a 400,000+ square foot center, is directly across the street from the Property and is anchored by Home Depot, Target, Kohl’s, and Dick’s Sporting Goods. The immediate area is also home to a Regal Cinema, Walmart Distribution Center and an under construction 500-unit apartment community.

RETAIL TRADE AREA: Notable tenants drawing consumers to the trade area include Target, Walmart Supercenter, Home Depot, ShopRite, Burlington, Kohl’s, Marshalls, HomeGoods, Dick’s Sporting Goods, Regal Cinema, AutoZone, Applebee’s, Cracker Barrel, TGI Friday’s, Chipotle, Chick-fil-A, Starbucks, McDonald’s, Wendy’s, Burger King, Raising Cane’s, I-HOP, Freddy’s, Dunkin’, and Wawa.

TRAFFIC COUNTS: Burlington-Mount Holly Road sees over 26,500 vehicles pass by the Property per day. An additional 101,500 vehicles pass the trade area daily along Interstate 295 and 86,900 vehicles pass the trade area daily along the NJ Turnpike.

DEMOGRAPHICS: Approximately 41,300 people live within 3 miles of the Property with an average household income of $131,281. More than 134,700 people live within 5 miles of the Property with an average household income of $128,571. Additionally, there are more than 47,200 employees within 5 miles of the Property.

Listing Contacts

BH
CT 756500, MA 133395
Horvath & Tremblay
MN
MA 134870
Horvath & Tremblay
ML
NJ 0569706
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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$375,000.00
$31,250.00/mo

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Cap Rate
6%
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Additional Information

Name
Michael Lombardi
License
0569706
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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