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AutoZone - Bloomfield, NJ 171 Bloomfield Ave 6,000 SF Retail Building Bloomfield, NJ 07003 $2,221,943 ($370.32/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- This property may be purchased individually or as part of a five-property portfolio.
- Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities.
- New 2020 construction on a 0.57-acre lot.
- 10 Years of Term Remaining backed by AutoZone (S&P: BBB).
- 10% increase in 2030, plus three (3), five-year renewal options with additional 10% escalations.
- Over 20,000 VPD pass this store at the corner of Bloomfield Ave and Berkeley Ave.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 6,000 SF AutoZone located at 171 Bloomfield Avenue in Bloomfield, NJ. This asset features new 2020 construction on a 0.57-acre lot, along with a 10% rent increase in 2030 and three (3), five-year renewal options, each with additional 10% escalations. These strong, built-in rent bumps, combined with the modern construction, make this a compelling and secure investment opportunity. Can be sold individually or part of a portfolio. Contact brokers for more details.
In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471
In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
2021
Price
$2,221,943
Price Per SF
$370.32
Cap Rate
5.25%
NOI
$116,652
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.57 AC
Zoning
B-2 - Retail
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
138’ on BLOOMFIELD AVE
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Autozone
- Services
- 6,000 SF
- $19.44
- Triple Net
- Oct 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Autozone | Services | 6,000 SF | $19.44 | Triple Net | Oct 2035 |
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-00362-0000-00018 | Improvements Assessment | $0 |
| Land Assessment | $785,900 | Total Assessment | $785,900 |
PROPERTY TAXES
Parcel Number
02-00362-0000-00018
Land Assessment
$785,900
Improvements Assessment
$0
Total Assessment
$785,900
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AutoZone - Bloomfield, NJ | 171 Bloomfield Ave
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