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Advance Auto Parts 1130 US Highway 46 5,935 SF Retail Building Ledgewood, NJ 07852 $2,287,886 ($385.49/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
Property Subtype
Freestanding
Building Size
5,935 SF
Building Class
B
Year Built
2016
Price
$2,287,886
Price Per SF
$385.49
Cap Rate
6.15%
NOI
$140,705
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.00 AC
Zoning
B-2
Parking
22 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
122’ on U.S. 46
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 4
Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Advance Auto Parts | 1130 US Highway 46