2920 County Rte 571 - Convenience Store FOR SALE
Manchester Township, NJ 08759 |
$1,952,617 USD
332-345-4222
2920 County Rte 571
Manchester Township, NJ 08759
HIGHLIGHTS
- Absolute Net Lease with Zero LL Responsibility | This property is secured by a true absolute net lease, offering zero landlord responsibilities
- 10% Increases in Each Option | This lease includes 10% rental increases in each option period, ensuring consistent income growth over time
- Backed by Solid Guarantee | The subject property is supported by a robust guarantee from Dollar General, a leading retailer
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 2920 County Route 571, Manchester Township, New Jersey 08759. The site consists of roughly 9026 rentable square feet of building space on an estimated 2.34-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 3/1/2020. The current annual rent is $129,849 and has scheduled increases of 10.00% at Each Period.
FOR SALE DETAILS
PRICE
$1,952,617 USD
PRICE/SF
$216 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.34 AC
LAND SF
101,930 SF
ZONING
-
APN/PARCEL ID
19-00005-0000-02059
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332-345-4222
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332-345-4222
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