7416 Tonnelle Ave - Freestanding FOR SALE
North Bergen, NJ 07047 |
$5,068,966 USD
858-373-3184
7416 Tonnelle Ave
North Bergen, NJ 07047
HIGHLIGHTS
- 16 Year NNN Ground Lease Featuring a 12.50% Rental Increase in 2031 and 10% Increase Every 5-Years Thereafter throughout the Initial Term & Options.
- Chick-fil-A named the #1 Fast-Food Restaurant in America with Annual Sales of Nearly $19 Billion and Average Sales Per Unit of $8.5 Million.
- Extremely Dense & Affluent Area w/ over 1.66M People Residing w/in a 5-Mile Radius - Average Household Income of $134k+ within 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
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
Long Term NNN Ground Lease | New Construction | Urban Infill High Quality Investment | Densely Populated Area: 1.66M+ People living within 5-Mile Radius
FOR SALE DETAILS
PRICE
$5,068,966 USD
PRICE/SF
$1,197 USD /SF
CAP RATE
4.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CHICK-FIL-A w/ DR-THRU | NEW YORK CITY METRO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
36
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
C-2
APN/PARCEL ID
08-00254-0000-00066
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858-373-3184
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858-373-3184
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