287 Us Highway 22 | Green Brook, NJ 08812
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287 Us Highway 22
Green Brook, NJ 08812
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Absolute NNN Lease | The tenant is responsible for all expenses, including structural repairs and maintenance, providing a passive income stream
- Strong Demographics | The property is located in a high-income area, with average household income exceeding $163k within a one-mile radius
- High-Traffic Retail Corridor | Positioned along a primary commercial corridor with over 46k vehicles per day
- Long-Term Commitment | Starbucks recently extended their lease by almost 17 years, demonstrating their long-term commitment to the location
- Investment Grade Tenant | Starbucks Corporation is publicly traded (NASDAQ: SBUX) and carries a BBB+ credit rating from Standard & Poor’s
- Flexible Building Configuration | The building’s layout and drive-thru configuration offer strong adaptability for range of alternative retail or QSRs
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,750 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.42 AC
Zoning
RHC - Restaurant Drive In
Parking
30 Spaces (17.14 Spaces per 1,000 SF Leased)
Frontage
59’ on Cramer Avenue
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-00005-0000-00007 | Improvements Assessment | $1,350,000 |
| Land Assessment | $1,350,000 | Total Assessment | $2,700,000 |
PROPERTY TAXES
Parcel Number
09-00005-0000-00007
Land Assessment
$1,350,000
Improvements Assessment
$1,350,000
Total Assessment
$2,700,000
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