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478 River Styx Rd 2,400 SF Retail Building Hopatcong, NJ 07843 $1,100,000 ($458.33/SF) 8.70% Cap Rate
Executive Summary
This freestanding convenience store offers a compelling investment opportunity with both real estate and business components available for acquisition, either together or separately. The property has been newly renovated and is secured by a long-term NNN lease, providing reliable income with no landlord responsibilities. The real estate is priced at $1,100,000, generating an annual NOI of $96,000, which represents an attractive 8.7% cap rate. Additionally, the operating business can be purchased for $200,000 plus inventory, creating a turnkey opportunity for an owner-operator or an investor seeking steady returns with strong cash flow potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
C
Year Built
1980
Price
$1,100,000
Price Per SF
$458.33
Cap Rate
8.70%
NOI
$95,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.37 AC
Zoning
B1 - Retail
Frontage
160’ on River Styx Rd
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-31603-0000-00041 | Improvements Assessment | $268,200 |
| Land Assessment | $238,600 | Total Assessment | $506,800 |
Property Taxes
Parcel Number
12-31603-0000-00041
Land Assessment
$238,600
Improvements Assessment
$268,200
Total Assessment
$506,800
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478 River Styx Rd
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