3115 State Route 35
Hazlet, NJ 07730
Net leased restaurant investment property. · Retail Property For Sale

Nearly 2.5 years left on an absolute NNN lease with no landlord responsibilities. Great 1031 exchange investment. Established operator with over 20 years experience. Tenant is currently investing at least $400000 on improving the property and business. It will be a brand new Mexican restaurant. This will be their third location after an extremely successful two locations in Perth Amboy, NJ that was started in 2011. Personal guarantee of the operator. Excellent Highway commercial property right across from Shoprite, Staples and McDonalds and surrounded by several national tenants and several more are coming in the next several months. Costco, Home Depot, Stop and Shop, Bertuccis, TMobile, Verizon are within quarter mile. Starbucks, Panera Bread, Wawa and many more are opening up within 100 yards of this location. A new Aldi and Lidl opened recently within 200 yards. Great visibility and signage. 24 parking spaces. High traffic count. Excellent cap rate for a prime NJ highway commercial real estate. Healthy 2.5% annual increases, with potential to increase the rent significantly upon renewal. New roof and significant capital improvements. Looking for a great income producing property in a great location, look no further! Will not last long!