284 Washington Ave - Convenience Store FOR SALE
Carlstadt, NJ 07072 |
$7,120,000 USD
858-373-3184
284 Washington Ave
Carlstadt, NJ 07072
HIGHLIGHTS
- 15 Year Absolute Lease Featuring 10% Rental Increases throughout the Initial Term and Options.
- Brand New 2024 High Quality Construction featuring a Convenience Store, Gas Station and Raise the Roost. This Site Features 12 Fuel Dispensors.
- Extremely Dense and Affluent Area with over 700k People Residing within a 5-Mile Radius,
- Down the Street From Metlife Stadium, the World's 9x Top Grossing Stadium seeing Millions of Visitors Annually for NFL Games, Concerts, and more.
- Strong Daytime Employment Area - Near Numerous Established Business Parks, Office Spaces, Distribution Centers, Industrial & Manufacturing Plants, etc
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
OVERVIEW
15 Year Absolute Net Lease | Qualifies for Accelerated Depreciation | High Barrier to Entry Market | Signalized Hard Corner | Urban Infill High Quality Investment | Down the Street from Metlife Stadium | Across from Teterboro Airport | Strong Daytime Employment Area | Densely Populated & Affluent Area: 700k+ People living within 5-Mile Radius
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: 212-430-5261 | Lic #: 2192359 John.Horowitz@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$7,120,000 USD
PRICE/SF
$1,510 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-ELEVEN W/ GAS - NEW YORK CITY METRO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.28 AC
LAND SF
55,757 SF
ZONING
-
APN/PARCEL ID
05-00127-0000-00017-0000-HM
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858-373-3184
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858-373-3184
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