7-ELEVEN W/ GAS - NEW YORK CITY METRO | 284 Washington Ave
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7-ELEVEN W/ GAS - NEW YORK CITY METRO 284 Washington Ave
4,714 SF Retail Building Carlstadt, NJ 07072 £5,584,999 (£1,185/SF) 5.65% Net Initial Yield
Investment Highlights
- 15 Year Absolute Lease Featuring 10% Rental Increases throughout the Initial Term and Options.
- Extremely Dense and Affluent Area with over 700k People Residing within a 5-Mile Radius,
- Strong Daytime Employment Area - Near Numerous Established Business Parks, Office Spaces, Distribution Centers, Industrial & Manufacturing Plants, etc
- Brand New 2024 High Quality Construction featuring a Convenience Store, Gas Station and Raise the Roost. This Site Features 12 Fuel Dispensors.
- Down the Street From Metlife Stadium, the World's 9x Top Grossing Stadium seeing Millions of Visitors Annually for NFL Games, Concerts, and more.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Executive Summary
15 Year Absolute Net Lease | Qualifies for Accelerated Depreciation | High Barrier to Entry Market | Signalized Hard Corner | Urban Infill High Quality Investment | Down the Street from Metlife Stadium | Across from Teterboro Airport | Strong Daytime Employment Area | Densely Populated & Affluent Area: 700k+ People living within 5-Mile Radius
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: 212-430-5261 | Lic #: 2192359 John.Horowitz@MarcusMillichap.com
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: 212-430-5261 | Lic #: 2192359 John.Horowitz@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,714 SF
Building Class
C
Year Built
2024
Price
£5,584,999
Price Per SF
£1,185
Net Initial Yield
5.65%
NOI
£315,490
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
1.28 AC
PROPERTY TAXES
| Parcel Number | 05-00127-0000-00017-0000-HM | Improvements Assessment | £698,046 |
| Land Assessment | £664,395 | Total Assessment | £1,362,442 |
PROPERTY TAXES
Parcel Number
05-00127-0000-00017-0000-HM
Land Assessment
£664,395
Improvements Assessment
£698,046
Total Assessment
£1,362,442
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Power Broker Alvin Mansour -
Brendan Kenavan -
The Mansour Group of Marcus & Millichap
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7-ELEVEN W/ GAS - NEW YORK CITY METRO | 284 Washington Ave
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