7408 Tonnelle Ave - Freestanding FOR SALE
North Bergen, NJ 07047 |
$10,490,060 USD
858-373-3184
7408 Tonnelle Ave
North Bergen, NJ 07047
HIGHLIGHTS
- 17+ Year NNN Ground Lease Featuring a 15.24% Rental Increase in 2032 and 10% Increase Every 5-Years Thereafter throughout the Initial Term & Options.
- Wawa is one of the Largest Convenience Store Chains in the United States with 1,000+ Locations and Serving more than 800 Million People Annually.
- Extremely Dense and Affluent Area w/ over 1.66M People Residing w/in a 5-Mile Radius - Average Household Income of $134k+ w/in a 3-Mile Radius.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 35k Vehicles.
- In Close Proximity to MetLife Stadium - Home of the New York Giants and the New York Jets.
- Located in one of the World’s Most Competitive and Highly Sought after Metros - The Site is in a Dense, Mixed-use, In-fill location.
OVERVIEW
Long Term NNN Ground Lease | 24 Hour Store | Brand New 2021 Construction | Urban Infill High Quality Investment | Densely Populated Area: 1.66M+ People living within 5-Mile Radius
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: (201) 742-6100 | Lic #: 2192359 John.Horowitz@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$10,490,060 USD
PRICE/SF
$2,077 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SUPER WAWA C-STORE & GAS | NYC METRO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
44
LAND DETAILS
LAND ACRES
1.33 AC
LAND SF
57,935 SF
ZONING
-
APN/PARCEL ID
08-00254-0000-00071
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858-373-3184
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858-373-3184
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