380 Route 23 | Wantage, NJ 07461
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380 Route 23
Wantage, NJ 07461
Abs. NNN Lease Dollar General | Wantage, NJ · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Dollar General Corporate Guaranty; S&P Investment Grade Credit “BBB”; Absolute Triple Net Lease: Zero Landlord Responsibilities; 2016 Construction
- Above Nationally Average performance for Dollar General, per Placer.AI (Contact Broker for Details)
- Approximately 1 Hour from Downtown Manhattan, NY; Affluent Demographics; $113,000+ Average Household Income within 5 Miles
- Original 15 Year Lease: 6 Years Remaining on Primary Term; Attractive 4-5yr Options with 10% Rent Increases in Each Option
- Limited Competition; Only Dollar Store within a 15 Mile Radius; Population Exceeds 70,000 within 10 Miles
- Wantage sits along the Appalachian Trail and attracts over 267,000 Visitors Annually
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.21 AC
Zoning
HC - Highway Commercial
Parking
29 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
305’ on Route 23
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 24-00014-0000-00015-01 | Improvements Assessment | $913,800 |
| Land Assessment | $119,500 | Total Assessment | $1,033,300 |
PROPERTY TAXES
Parcel Number
24-00014-0000-00015-01
Land Assessment
$119,500
Improvements Assessment
$913,800
Total Assessment
$1,033,300
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