3115 State Route 35 - Restaurant FOR SALE


Hazlet, NJ 07730
$1,600,000 USD
732-768-7932
3115 State Route 35, Hazlet, NJ for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/13
null | 6% Cap Rate

3115 State Route 35
Hazlet, NJ 07730


HIGHLIGHTS

  • Highway exposure. Great access. Across from McDonalds and Shop-rite, Wawa and Panera Bread. Easy ingress/egress
  • New Roof and HVAC, updated bathrooms, complete renovation
  • Nice outdoor patio area, plenty of parking
  • Major transformation going on in the market, major new retailers opened in the last 2-3 years!

OVERVIEW

Excellent property on highway NNN leased to a financially strong Mexican Restaurant operator who will be opening soon. Tenant improvements underway. Lease personally guaranteed by the owners. Across from Shop-rite and McDonalds. Nearby retailers include Starbucks, Panera Bread, Lidl, Aldi, Dunkin Dounts, Verizon, T Mobile, Costco and various other national tenants. Explosive growth in the area with national retailers moving in the last 2 years! New roof, brand new HVAC system, completely renovated! The location has undergone major transformation in the last few years and has become a busy commecial center.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$496 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

BH

APN/PARCEL ID

18-00182-0000-00010

ASK ABOUT THIS PROPERTY

Kal GanesanKal GanesanMore Info
732-768-7932

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Kal GanesanKal GanesanMore Info
732-768-7932

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