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Advance Auto Parts 1130 Route 46 6,810 SF 100% Leased Retail Building Ledgewood, NJ 07852 $2,287,886 ($335.96/SF) 6.15% Cap Rate
Investment Highlights
- 2016 build-to-suit construction for Advance Auto Parts, all red brick prototype
- Corporately guaranteed lease from Advance Stores Company, Inc. (S&P Rated BB)
- Ledgewood located just 40-miles West of Manhattan NY with strong connectivity
- ±9.5 Years remaining on NNN lease with Three, 5-Year extension options
- 5-Mile population of 110,219 with average household income of $170,144 annually
- Essential retailer with consistent operations and rent payments through COVID-19
Executive Summary
Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,810 SF
Year Built
2016
Price
$2,287,886
Price Per SF
$335.96
Cap Rate
6.15%
NOI
$140,705
Percent Leased
100%
Building Height
1 Story
Parking
14 Spaces (2.06 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 4
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Advance Auto Parts | 1130 Route 46
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