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Krystal Ground Lease 2210 US 22 2,057 SF Retail Building Union Township, NJ 07083 $2,870,000 ($1,395.24/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 10-year ground lease with no landlord responsibilities and 3 (5-year) renewal options | 10% Rent Increase
- High-visibility location with direct frontage on Route 22 (85,000 VPD) | Minutes from the Garden State Parkway (227,400 VPD)
- Supported by over 594,000 residents (AHHI $151,095) and 198,400 employees in the 5-mile trade area
- Guaranteed by Krystal Restaurants LLC, the corporate entity behind Krystal with over 273 locations nationwide
- Near major national retailers and large shopping centers, including anchors such as Costco, Walmart, & Marshalls, all within one mile of the property
EXECUTIVE SUMMARY
SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Krystal located in Union, New Jersey. The tenant, Krystal Restaurants LLC, recently executed a brand new 10-year lease with three (3) additional five-year renewal options, demonstrating long-term commitment to the site. The lease features 10% rental increases every five years throughout the primary term and option periods, delivering consistent NOI growth and a built-in hedge against inflation. Structured as an absolute NNN ground lease, the tenant is responsible for all taxes, insurance, and property maintenance, providing zero landlord responsibilities and making this an ideal, management-free investment for passive or out-of-state investors.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,057 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,870,000
Price Per SF
$1,395.24
Cap Rate
5.75%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.77 AC
Zoning
CC - Corridor Commercial
Parking
20 Spaces (9.72 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-03101-0000-00033 | Improvements Assessment | $10,000 |
| Land Assessment | $70,000 | Total Assessment | $80,000 |
PROPERTY TAXES
Parcel Number
19-03101-0000-00033
Land Assessment
$70,000
Improvements Assessment
$10,000
Total Assessment
$80,000
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Krystal Ground Lease | 2210 US 22
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