Listed by JLL - New York City, New York
$5,603,000
SRS Distribution - Belford, NJ
Details
Property Type Industrial, Land
Sub Type Distribution, Commercial
Square Footage 16,337
Net Rentable (SqFt) 16,337
Cap Rate 6.00%
NOI $336,176
Occupancy 100%
Tenancy Single
Brand/Tenant Home Depot
Rent Bumps Yes
Lease Options 2 x 5
Price per SqFt $343
Year Built 1962
Year Renovated 2006
Buildings 1
Acreage 4.850
Zoning R-O (Residential & Office)
Investment Type Net Lease
Ground Lease No
Dock High Doors 5
SRS Distribution | Rare 4.8-AC IOS Site in Thriving NJ Community | Home Depot Subsidiary (S&P: A)
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the single-tenant SRS Distribution (“Company” or “Tenant”) property located at 195 Leonardville in Belford, NJ. The Tenant is operating on an NN lease with ±9.6 years of remaining term and features attractive 3.75% annual rental escalations.
This offering represents a rare opportunity to acquire a 4.85-acre industrial outdoor storage (IOS) site with extremely low site coverage (±7.8%), a highly sought-after asset class in the dense, high-barrier-to-entry Northern New Jersey industrial market.
Investment highlights
- Tenant recently acquired by world's largest home improvement retailer, The Home Depot (S&P: A)
- Long-term, ±9.6-year NN lease structure
- Located in thriving residential community with 135K homes occupied by residents with high disposable incomes
- 4.8-acre IOS site with only 7.8% building FAR coverage, providing critical outdoor storage functionality
- Tenant, SRS, is the fastest-growing distributor of building products with $10B in annual revenue
- $186K average household incomes within a 3-mile radius
- Exceptional access to the economic engines of New York City, Newark, and Philadelphia
- Extremely favorable 3.75% annual rental escalations
Listing Contacts
Listed by JLL - New York City, New York
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$336,176.00
$28,014.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
R-10 ResidentialSingle FamilyMedium Density Single Family Residence Zone
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View all 283 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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