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1463 Prospect St - Urban Xpress Wash 5,000 SF Specialty Building Offered at $2,142,857 at a 7% Cap Rate in Ewing, NJ 08638
Investment Highlights
- Brand New 20-Year NNN Lease
- Strong Infill Location
- Attractive Annual Rent Growth
- Essential Service Tenant
Executive Summary
Surmount is pleased to present the exclusive listing for an Urban Xpress Wash located at 1463 Prospect Street, Ewing Township, NJ 08638. The site consists of roughly 5,631 rentable square feet of building space on an estimated 1.34-acre parcel of land. Urban Xpress Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of 2.00% Annually.
Property Facts
| Price | $2,142,857 | Building Class | C |
| Price Per SF | $428.57 | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Property Subtype | Car Wash | ||
| Zoning | BH | ||
| Price | $2,142,857 |
| Price Per SF | $428.57 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | BH |
Amenities
- Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-00118-04-00063 | Improvements Assessment | $792,200 |
| Land Assessment | $120,000 | Total Assessment | $912,200 |
Property Taxes
Parcel Number
02-00118-04-00063
Land Assessment
$120,000
Improvements Assessment
$792,200
Total Assessment
$912,200
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1463 Prospect St - Urban Xpress Wash
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