750 Edgar Rd - Freestanding FOR SALE


Linden, NJ 07036
$4,560,000 USD
973-632-1386
750 Edgar Rd, Linden, NJ for Sale
$4,560,000 USD
Freestanding - FOR SALE
1/6
null | 6.25% Cap Rate

750 Edgar Rd
Linden, NJ 07036


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Growing Brand | Options to Extend
  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
  • Strategically Located Along W. Edgar Road (71,000+ VPD) | Interstate 95 (247,900 VPD) | Significant Street Frontage | Brand New, State-of-the-Art Cons
  • Outparcel to New 350,000 SF Legacy Square Shopping Center | Anchored by the #1 Walmart in New Jersey | Dense Retail Corridor
  • $115k+ Average Incomes | Strong Demographics 5-Mile Trade Area | 471,000 Residents and 163,000 Employees | NYC MSA

OVERVIEW

• The tenant recently signed a brand new 20-year lease with 10% rental increases every 5 years including during the 4 (5-year) options to extend • Spark Car Wash, a high-tech, modern car wash chain founded in 2018, is led by a team of highly experienced car wash experts, clean freaks, and car lovers • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Ideal, management-free investment for an out-of-state, passive investor

FOR SALE DETAILS

PRICE

$4,560,000 USD

PRICE/SF

$1,022 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Spark Car Wash | New 20yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

SA-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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