2520 Brunswick Pike
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2520 Brunswick Pike
11,820 SF Retail Building Lawrenceville, NJ 08648 £2,066,792 (£175/SF) 5.85% Net Initial Yield
Investment Highlights
- Corporate Guaranty: The lease is backed by Advance Auto Part’s corporate entity, which holds an S&P credit rating of BBB-, which adds an extra layer o
- Strong Demographics: Advance Auto Parts benefits from the strong demographics surrounding the location, with 243,303 people living in a 5-mile radius,
- New Long-Term Lease: Upon the completion of construction, anticipated in February 2025, a brand-new 15-year corporate-guaranteed lease will begin, pro
Executive Summary
Equity Retail Brokers is proud to present for sale an Advance Auto Parts in Lawrenceville, NJ. The property will feature a 15-year corporate-guaranteed lease. The building, originally built in 1971, is currently undergoing renovations, slated to open in February 2025. This NN lease offers limited landlord responsibilities and includes 10% rent escalations every five years throughout the initial term and renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,820 SF
Building Class
C
Year Built/Renovated
1971/2024
Price
£2,066,792
Price Per SF
£175
Net Initial Yield
5.85%
NOI
£120,907
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Lot Size
1.05 AC
Zoning
HDZ - High Development Zone
Parking
67 Spaces (5.67 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-02201-0000-00020 | Improvements Assessment | £275,695 |
| Land Assessment | £315,080 | Total Assessment | £590,775 |
PROPERTY TAXES
Parcel Number
07-02201-0000-00020
Land Assessment
£315,080
Improvements Assessment
£275,695
Total Assessment
£590,775
Contacts
-
Bart Delfiner -
David DeRienzo -
Maeve O'Reilly -
Kristen Hill -
Equity Retail Brokers, Inc.
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2520 Brunswick Pike
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