QuickChek - Absolute NNN Ground Lease

119 N Route 202, Raritan, NJ 08869
Offering MemorandumInvestment Flyer

For Sale

Freestanding Convenience Store with Gas Pumps

Property Details

  • Freestanding, ±5,469 SF
  • New convenience store with gas pumps situated on 1.5 acres, with ±82 parking spaces
  • Recently opened in October 2018
  • Highly visible and accessible location
  • Located at the junction of two major commercial corridors
  • Strong retail location in the Bridgewater/Somerville Super Regional Retail Market with over 2.2 million SF of retail space
  • Excellent demographics with avg. household income over $130,000, over 115,000 population and over 119,000 daytime population within 5 miles
  • Superior vehicle traffic counts: over 93,000 ADT on US Hwy Route 202, and over 32,000 ADT along US Hwy Route 206

Investment Highlights

  • Price: $9,000,000
  • Cap Rate: 5%
  • NOI: $450,000
  • New 20 Year Ground Lease with 10% rent increases every five years throughout the lease term and options
  • Absolute NNN Lease with no landlord responsibilities
  • QuickChek Corporation corporate guarantee; Over 150 locations in New Jersey and New York

Contact

Stuart Conston

484.417.2205
sconston@equityretailbrokers.com

Ed Ginn

484.417.2201
eginn@equityretailbrokers.com

Property Location

QuickChek - New Construction

480 Lancaster Avenue
Malvern, PA 19355