Listing Contacts
Stuart Conston
License: PA AB051909L
Edward Ginn
License: PA RM050201A
Asking Price
700 Sloan Ave
Hamilton Township, NJ
Property Details
Asking Price
Property Type
Investment Type
Net Lease
Lease Type
Absolute NNN
Rent Commencement
Lease Expiration
Remaining Term
19.9 years
Square Footage
Price/Sq Ft
Cap Rate
Year Built
Permitted Zoning
I - Commercial
Lot Size (acres)
Parking (spaces)
Rent Bumps
10% increases every 5 years
Lease Options
Four 5-Year Options
Ground Lease
Ground Lease / Leased Fee
Property Description
Equity Retail Brokers is pleased to offer for sale to qualified investors an opportunity to acquire a new QuickChek Convenience Store in Hamilton Township, NJ.​​​​​​​ Hamilton Township is located in Mercer County, Central New Jersey, outside of Trenton, approximately 48 miles Southwest of New York City and approximately 34 miles northeast of Philadelphia.​​​​​​​ It is part of the New York Metropolitan Area.​​​​​​​, and borders the Philadelphia Metropolitan Area.​​​​​​​ This asset sits on approximately 2.5 acres.​​​​​​​

QuickChek is an essential business and has been open and operating during the Covid-19 pandemic.​​​​​​​ Rent has already commenced under the lease, construction is scheduled to begin in the late Fall, 2020, with an expected opening in early Spring, 2021.​​​​​​​ QuickChek signed a 20 year, absolute net, corporate ground lease with 10% rent escalations every five years and in the subsequent four, 5-year renewal options.​​​​​​​ The lease is backed by a corporate guarantee from QuickChek Corporation, a privately-owned company with over 150 retail locations throughout New Jersey and New York.​​​​​​​ There are absolutely no landlord responsibilities for operating or maintaining, or capital expenses related to the property.​​​​​​​

The subject property sits on Sloane Avenue, at the entrance to the Hamilton, NJ Amtrak – NJ Transit Rail Station, which has over 5,175 average weekday passenger train boardings at the station, plus parking for 3,600 cars.​​​​​​​ It is close to the I-295 access ramps, with over 28,000 vehicles per day along Sloane Avenue and over 77,000 vehicles per day along I-295, and also has convenience access from Hwy US Route 1, with over 49,000 vehicles per day.​​​​​​

The immediate 5 mile trade area has strong demographics with 243,078 population, HH income over $96,766, and 135,800 daytime population.​​​​​​​ The property is also located within a one-hour drive of New York City, Philadelphia and the New Jersey Shore.​​​​​​​

Property Highlights
  • Brand New construction QuickChek- Rent commenced on May 16, 2020 and construction is scheduled to begin in the late Fall, 2020, with an expected opening in early Spring, 2021. 
  • QuickChek is an essential business and has been open and operating during the Covid-19 pandemic.
  • 20 years of firm initial lease term, with options extending an additional 20 years.
  • Ideal 10% rent increases every five years throughout the lease.
  • Absolute NNN Ground Lease with no landlord responsibilities.
  • Multi-million dollar investment by QuickChek in the property.
  • Located at the entrance to the Hamilton, NJ Amtrak- NJ Transit Station, with over 5,175 average weekday passenger train boardings, and offering rail access to New York City, Philadelphia, Washington DC.
  • Hamilton Twp. is part of the New York Metro Area: 48 Miles from New York City, 34 Miles from Philadelphia
  • Highly visible site sits on Sloan Ave. with over 25,800 VPD, and close access to I-295 with over 77,000 VPD, and US HWY Route 1 with over 49,000 VPD.