1 N Virginia Ave - Fast Food FOR SALE


Penns Grove, NJ 08069
$1,875,000 USD
484-417-2217
1 N Virginia Ave, Penns Grove, NJ for Sale
$1,875,000 USD
Fast Food - FOR SALE
1/2
null | 4% Cap Rate

1 N Virginia Ave
Penns Grove, NJ 08069


HIGHLIGHTS

  • This McDonald’s location is currently under construction and is scheduled to open in Spring 2025. Upon completion, a brand-new 20-year lease
  • McDonald’s is the world’s largest fast-food chain, operating over 41,000 locations worldwide and generating more than $23.2 billion in annual reven
  • McDonald’s benefits from the strong demographics surrounding this location, with 81,143 people within 5-mile of the site.

OVERVIEW

Equity Retail Brokers is proud to offer for sale a newly constructed McDonald’s in Penns Grove, NJ, scheduled to open in Spring 2025. The property will be secured by a 20-year corporate guaranteed NNN ground lease, set to commence upon the completion of construction. With an S&P credit rating of "BBB+," McDonald’s provides investors with a stable and secure investment opportunity, backed by its global reputation and financial strength. Strategically located on North Virginia Avenue, this property benefits from exceptional visibility and accessibility, with two convenient points of ingress and egress. It is positioned adjacent to a newly constructed Wawa, which opened in August 2024, further enhancing the site’s traffic and appeal.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

H-C/I

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bart DelfinerEquity Retail Brokers, Inc.More Info
484-417-2217

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Bart DelfinerEquity Retail Brokers, Inc.More Info
484-417-2217

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.