49 Sparta Ave | Sparta, NJ 07871
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49 Sparta Ave
Sparta, NJ 07871
Burger King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Lease with 9+ Years of Firm Term Remaining
- 12% Rent Increase Every 5 Years | Next Increase in June 2028
- Limited Competition | Subject Property is the Only Fast Food Restaurant in Sparta with a Drive-Thru
- Absolute NNN Ground Lease with No Landlord Responsibilities
- Affluent Area | Average Household Income Exceeds $145K in One Mile
- Proposed 40-Unit Apartment Complex Located Directly Behind the Subject Property
PROPERTY FACTS
Property Type
Retail
Building Size
3,046 SF
Year Built/Renovated
1977/2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Zoning
TCC - Fast Food/Restaurant
Frontage
132’ on SPAROUTEA AVE
PROPERTY TAXES
| Parcel Number | 18-05019-0000-00022 | Improvements Assessment | $733,600 |
| Land Assessment | $244,500 | Total Assessment | $978,100 |
PROPERTY TAXES
Parcel Number
18-05019-0000-00022
Land Assessment
$244,500
Improvements Assessment
$733,600
Total Assessment
$978,100
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