442 Elizabeth AveFranklin Township, NJ 08873
High-yield NNN auto shop investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 5,269 SF Mavis Discount Tire on a 1.02-acre lot in Franklin Township, NJ.
- 20-year NNN lease with ~17 years remaining, starting June 16, 2021.
- $190,000 annual NOI, 5.25% cap rate, $686.86/SF.
- 1.5% annual rent increases after year seven, plus six 5-year renewal options.
Property Details for 442 Elizabeth Ave
- Property type
- Other retail properties, Automotive properties
- Square Feet
- 5,269 SF
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 44,431 SF
Location Insight
- City
- Franklin Township
- County
- Somerset
- State
- New Jersey
- Latitude
- 40.5317462
- Longitude
- -74.5397828
Nearby Similar for Sale
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