0 UndisclosedWoodbridge Township, NJ 07001

For Sale
$2,950,000

High-return convenience store/restaurant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A retail property in Avenel, New Jersey, presents a lucrative investment opportunity. Located in Woodbridge Township, Middlesex County (zip code 07001), this single-story building sits on approximately 0.09 to 1.1 acres of land and boasts 5,000 square feet of net rentable space. Currently operating at 100% occupancy with a franchisee tenant, the property offers a strong net operating income (NOI) of $119,000, resulting in a compelling 4.03% cap rate. The asking price is $2,950,000, translating to $590 per square foot. The property is zoned for convenience store, quick-service restaurant (QSR), and restaurant uses. Ample parking is available with 65 spaces. The lease is a triple-net (NNN) lease with zero years remaining, presenting an opportunity for immediate repositioning or continued operation under the existing tenant. The property features a single building with one story and is suitable for a variety of retail and food service concepts. Do not disturb the existing tenant. This is a corporate-owned property.

Highlights

  • $2,950,000 asking price for a Class A retail property.
  • 5,000 square foot building on approximately 1 acre lot in Avenel, NJ.
  • NNN lease, 100% occupancy with a franchisee tenant.
  • $119,000 NOI, resulting in a 4.03% cap rate.
  • 65 parking spaces.

Property Details for 0 Undisclosed

Property type
Other retail properties, Restaurants
Square Feet
5,000 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
3,920 SF
Units
1

Location Insight

City
Woodbridge Township
County
Middesex
State
New Jersey
Latitude
40.5827122
Longitude
-74.2707509
Undisclosed, Woodbridge Township, New Jersey

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