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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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
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

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • -
  • Jan 0000

[solidcore] vision is a world where [solidcore] is the foundational routine for every active person seeking growth. If they are successful, [solidcore] will live not among the brand names, but rather, among the various approaches to fitness at large: cardio, Pilates, yoga, [solidcore]. Taking their place as a true category of one, they will be the well-balanced foundation for every active, growth-minded person’s goals – fitness and otherwise—the launching pad for everything else they seek to do and achieve in life. Their mission is to challenge members to seek their strongest self, through the world’s most transformative workout.

  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Chipotle Mexican Grill began in 1993 when Steve Ells opened a restaurant in Denver, Colorado. The company focuses on burritos, tacos, bowls, and salads made with fresh ingredients. Customers can customize their orders while watching the food preparation. Chipotle operates thousands of locations internationally and emphasizes using real food without artificial additives. The chain has grown substantially since its founding and remains a major player in the fast-casual dining industry.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Arts, Entertainment, and Recreation 99,999 SF - - Jan 0000
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

ShopRite
Chase Bank
TD AMERITRADE Branch
Peapack Private Bank & Trust
Kings
Tiger Schulmann's Martial Arts
SoulCycle
CrossFit
Burn Boot Camp
Benihana

Property Taxes

Property Taxes

Parcel Number
17-00501-0000-00003
Land Assessment
$883,200
Improvements Assessment
$844,800
Total Assessment
$1,728,000
  • Listing ID: 39269629

  • Date on Market: 1/30/2026

  • Last Updated:

  • Address: 697 Morris Tpke, Springfield, NJ 07081

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