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4545 Us Highway 9
Howell, NJ 07731
AutoZone - Howell, NJ · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This property may be purchased individually or as part of a five-property portfolio.
- Rare opportunity to acquire a 1.9-acre parcel with frontage on Route 9 at or below land value.
- High-visibility from Route 9 with over 34,000 VPD.
- 7.5 years of term remaining backed by AutoZone’s corporate guarantee, the lease has a 5% increase in 2028 and 3 five-year renewal options.
- AutoZone is paying $79,800 annually on an Absolute Triple Net (NNN) Ground Lease, which is equivalent to only $11.40/SF.
- Over 61,182 population within 3 miles, with average household incomes of $137,073 and average home values exceeding $550,325.
EXECUTIVE SUMMARY
Sands Investment Group is proud to exclusively offer the 7,000 SF AutoZone at 4545 US-9 in Howell Township, NJ. This high-demand retail asset is fully backed by AutoZone’s corporate guarantee and features 7.5 years of firm lease term remaining. This property has excellent real estate fundamentals and well below market rent, making this a secure investment for years to come. 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
7,000 SF
Building Class
B
Year Built
2019
Price
$1,520,000
Price Per SF
$217.14
Cap Rate
5.25%
NOI
$79,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.90 AC
Zoning
HD
PROPERTY TAXES
| Parcel Number | 21-00035-82-00041-01 | Improvements Assessment | $727,800 |
| Land Assessment | $480,700 | Total Assessment | $1,208,500 |
PROPERTY TAXES
Parcel Number
21-00035-82-00041-01
Land Assessment
$480,700
Improvements Assessment
$727,800
Total Assessment
$1,208,500
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