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CHICK-FIL-A w/ DR-THRU | NEW YORK CITY METRO 7416 Tonnelle Ave

4,235 SF Retail Building North Bergen, NJ 07047 £4,313,256 (£1,018/SF) 4% Net Initial Yield

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Investment Highlights

16+ Year NNN Ground Lease Featuring a 12.50% Rental Increase in 2031 and 10% Increase Every 5-Years Thereafter throughout the Initial Term & Options.
Extremely Dense & Affluent Area w/ over 1.66M People Residing w/in a 5-Mile Radius - Average Household Income of $134k+ within a 3-Mile Radius.
In Close Proximity to MetLife Stadium - Home of the New York Giants and the New York Jets.

Chick-fil-A named the #1 Fast-Food Restaurant in America with Annual Sales of Nearly $19 Billion and Average Sales Per Unit of $8.5 Million.
Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 35k Vehicles.
Located in one of the World’s Most Competitive and Highly Sought after Metros - The Site is in a Dense, Mixed-use, In-fill location.

Executive Summary

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,235 SF

Building Class

Year Built

2021

Price

£4,313,256

Price Per SF

£1,018

Net Initial Yield

NOI

£172,530

Tenancy

Single

Number of Floors

Slab to Slab

10 ft

Building FAR

0.10

Lot Size

1.00 AC

Zoning

C-2

Parking

36 Spaces (8.5 Spaces per 1,000 SF Leased)

Frontage

47 ft on 75th St.

MAJOR TENANTS

Chick-fil-A
Retailer
4,235 SF
-
NNN
May 2041

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
Chick-fil-A	Retailer	4,235 SF	-	NNN		May 2041

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