Listed by Marcus & Millichap - New Jersey
$1,325,000
Friendly's - Below Market Rent
Details
APN 2108_129_17.01
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,188
Cap Rate 5.00%
NOI $66,245
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2037
Year Built 1980
Year Renovated 2013
Stories 1
Acreage 0.720
Zoning HC
Parking Spaces 54 spaces
Parking Per SqFt 16.94
Investment Type Net Lease
Lease Commencement 09/15/2022
Ground Lease No
About This Property
Marketing description
Marcus & Millichap is pleased to exclusively present 304 Mountain Ave, Hackettstown, Warren County, New Jersey.
Investment highlights
- Absolute NNN Friendly's – 11.5± Years Remaining on Corporate Lease
- Attractive Basis with Repositioning Optionality –Ability to Reset Rent or Backfill at Market Upon Rollover
- High-Visibility Retail Corridor – 25,500± VPD Along Mountain Ave - Easy Access and Exposure
- Strong Site Fundamentals – .72 Acre Site Located at Signalized Intersection with Excellent Visibility
- Flexible Layout for Multiple End Users – Ideal for QSR, Fast Casual, Medical or Service Retail
- Surrounded By National Retailers Including: Lowe's, ALDI, Wawa, Chase Bank, AutoZone and More
- Strong Demographics: $140K+ Average Household Income Within 5 Miles of the Subject Property
- Easy Access to Major Thoroughfares – Minutes from US-46 and I-80
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,245.00
$5,520.42/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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