Log In/Sign Up
Your email has been sent.
697 Morris Tpke
Springfield, NJ 07081
Chipotle & solidcore | Prime Location · Retail Property For Sale
Investment Highlights
- Corporate-Guaranteed Leases | Long-Term Stability | Strong Embedded Rent Growth | Percentage Rent Upside
- Prime Location | Shadow Anchored by Wawa and Shoprite | Dense Retail Corridor | High Traffic Exposure
- #1 MSA in the U.S. | Top-Tier New Jersey Location | Exceptional Demographics
Executive Summary
• 100% occupied, two-tenant retail investment property
• Both tenants—Chipotle and Solidcore—operate under corporate guaranteed leases, providing strong credit backing and income security
• Both tenants—Chipotle and Solidcore—operate under corporate guaranteed leases, providing strong credit backing and income security
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,000 SF
Building Class
B
Year Built
2019
Price
$5,842,000
Price Per SF
$1,460.50
Cap Rate
5%
NOI
$292,086
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.42 AC
Zoning
GC - General Commercial
Parking
32 Spaces (8 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 17-00501-0000-00003 | Improvements Assessment | $844,800 |
| Land Assessment | $883,200 | Total Assessment | $1,728,000 |
Property Taxes
Parcel Number
17-00501-0000-00003
Land Assessment
$883,200
Improvements Assessment
$844,800
Total Assessment
$1,728,000
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
