Listed by Marcus & Millichap - New Jersey
$2,584,000
Dollar General
Details
Property Type Retail
Sub Type Storefront, Dollar store
Square Footage 7,500
Units 1
Cap Rate 6.50%
NOI $168,000
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Expiration 05/30/2034
Year Built 2018
Acreage 0.410
Parking Spaces 16 spaces
Parking per 1,000 SqFt 2.13
Investment Type Net Lease
Lease Commencement 05/31/2019
Ground Lease No
About This Property for Sale
Marketing description
Marcus & Millichap is pleased to exclusively present 127 Central Avenue, Orange, Essex County, New Jersey.
Investment highlights
- Freestanding Dollar General Store Located in Orange, Essex County, New Jersey
- Corporate Guarantee: (S&P Rated: BBB) - Investment Grade Credit
- Ranked in the Top 27% of Dollar General Stores Nationwide per Placer.ai
- New GAF Roof in 2024 with 10-Year Guarantee
- Three 5-Year Renewal Options with 10% Increases at Each Option
- Located On Heavily Trafficked Central Avenue With Daily Traffic Counts Exceeding 19,000 Cars/Day
- 3 Blocks From South Harrison Street Which is Home to Over 2,000 Apartment Units
- Many Nearby National Retailers Including: Walgreens, Burger King, Dunkin’, Advance Auto Parts, McDonald’s, Popeyes, Santander Bank, Subway, Wingstop, and KFC
- Tremendous Dense Urban Demographics With Over 815,000 People Within 5 Miles
Listing Contacts
Listed by Marcus & Millichap - New Jersey
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
