1 Teterboro Landing Dr
Teterboro, NJ 07608
Walmart @ Teterboro Landing · Retail Property For Sale

Rare Single-Tenant NNN Walmart Supercenter; Long-Term, Stable Income Stream with Increases - 18 years remaining on new 20-year NNN lease - 10% scheduled rent increase in year 2025 - Twelve 5-year options with 5% increases (60 years) - Bulletproof investment credit rating (S&P: AA) - #1 "Largest Company Worldwide by Total Revenue" by Forbes (2017) - #1 on Fortune 500 (2017) 8 Miles from Manhattan; 12 Minute Drive to the George Washington Bridge Daily Needs Anchor within 55-Acre Teterboro Landing Shopping Center: Walmart occupies approximately 159,542 SF of anchor space on approximately 14.36 acres of land and provides "daily needs" traffic to the shopping center along with co-anchor Costco. Pride of Ownership; New 2015 Construction Teterboro Landing Shopping Center is 100% Occupied with "Best in Class" Tenants: Co-tenants include Costco (S&P: A+), Chipotle Mexican Grill, BJ’s Restaurant & Brewhouse, Blaze Pizza, Chick-fil-A, CityMD Urgent Care, European Wax Center, GNC, Habit Burger Grill, KicksUSA, Panera, Petco, Texas Roadhouse, The Halal Guys, and T-Mobile. Ample Parking: Subject property parcel contains 797 parking spaces; cross easements allow shared use of 2,133 parking spaces. Dense and Affluent Demographics: $101,000 AHHI within a 1-mile radius; 617,000 people within a 5-mile radius. Extremely High Barriers to Entry: Extremely dense market with no available land and rapidly rising land costs create extremely high barriers to entry for future development. 20 Million People in the New York Metro MSA: #1 most expensive real estate market in the U.S.; #1 most populous MSA in the U.S.; #1 location for Fortune 500 companies in the U.S. (55); 3rd largest port in the U.S.; seat of the bulk of U.S. banking and financial services.