299 RteEdison, NJ 08817

For Sale
$1,281,993

High-Cap Rate NNN Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail property, located at 299 Route 1 in Edison, New Jersey (08817), presents a compelling investment opportunity. The 2,312 square foot building sits on a 0.073-acre lot and is currently occupied by a single tenant, T-Mobile, under a triple-net (NNN) lease. The asking price is $1,281,993, representing a strong 7.25% capitalization rate. The property boasts convenient access from three roadways, enhancing its visibility and accessibility. The net rent is $92,444.55 annually. The landlord is responsible for roof structure maintenance and building insurance ($2,000 annually), while the tenant covers HVAC, interior components, glass and doors, and common area maintenance (CAM) expenses. This well-located, single-tenant NNN asset offers a stable income stream and significant potential for long-term appreciation. The property's strong tenant and favorable lease terms make it an attractive addition to any investment portfolio. Its prime location in Middlesex County, New Jersey, provides excellent visibility and accessibility for customers. This is a rare opportunity to acquire a high-performing retail property with a proven track record.

Highlights

  • Triple-net (NNN) leased T-Mobile property available for sale.
  • Excellent access via three roadways.
  • Landlord responsible for roof structure ($2,000 allowance) and building insurance.
  • Tenant responsible for HVAC, interior, glass, doors, and common area maintenance (CAM).
  • Annual net rent: $92,444.55

Property Details for 299 Rte

Property type
Other retail properties, Retail properties
Square Feet
2,312 SF
Lot Size (sq. ft)
3,180 SF

Location Insight

City
Edison
County
Middlesex
State
New Jersey
Latitude
40.5014532
Longitude
-74.4045847
299 Rte, Edison, New Jersey

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299 Rte
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