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.