1425 US Highway 46 - Spark Car Wash 6,457 SF Specialty Building Offered at $6,539,714 at a 7% Cap Rate in Ledgewood, NJ 07852
EXECUTIVE SUMMARY
? Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 20 Years of NNN Term Remain | Zero Landlord Responsibilities
? Extremely Strong Store Opening | Set a Single Day Record for Most Car Washes Upon Opening
? Located One-Mile Away from The Shops at Ledgewood Commons | Approximately 22 National Stores With Several Anchor Tenants | Walmart, Home Depot, Kohl’s, Marshalls, Old Navy, Burlington and a Few More
? 2.00% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New Jersey Market
? High Exposure Location| Route 46 and Interstate 80 | 45,300 and 92,500 Vehicles Per Day, Respectively
? Ideal Consumer Base for Vehicle Repair Services that Spark Offers
? Average Household Income of Over $142,000
? Extremely Strong Store Opening | Set a Single Day Record for Most Car Washes Upon Opening
? Located One-Mile Away from The Shops at Ledgewood Commons | Approximately 22 National Stores With Several Anchor Tenants | Walmart, Home Depot, Kohl’s, Marshalls, Old Navy, Burlington and a Few More
? 2.00% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New Jersey Market
? High Exposure Location| Route 46 and Interstate 80 | 45,300 and 92,500 Vehicles Per Day, Respectively
? Ideal Consumer Base for Vehicle Repair Services that Spark Offers
? Average Household Income of Over $142,000
PROPERTY FACTS
| Price | $6,539,714 |
| Price Per SF | $1,012.81 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.15 AC |
| Building Size | 6,457 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | 36-08602-0000-00042 | Improvements Assessment | $569,000 |
| Land Assessment | $520,800 | Total Assessment | $1,089,800 |
CONTACTS
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Glen Kunofsky -
Anthony D'Ambrosia -
Josh Kanter -
NNN Pro Group
