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Chick-fil-A | 15+yrs Corp Abs NNN Grd Lse 7416 Tonnelle Ave 4,277 SF Retail Building North Bergen, NJ 07047 $4,642,000 ($1,085.34/SF) 4.75% Cap Rate
Investment Highlights
- 15+ Years Remaining | Scheduled Rental Increases | Rare New Jersey Retail Opportunity | Established Brand
- Signalized Hard Corner Intersection | Interstate 95 | Excellent Visibility | Multiple Points of Access
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Directly Next to Wawa | Dense Retail Corridor | Across From Target & Lowe’s Anchored Center
Executive Summary
• The lease features a 12.5% rental increase in Year 11, a 10% increase in year 16 and 10% increases at the beginning of each option period
• The lease features a corporate guaranty from Chick-fil-A, Inc., a private corporation with more than 3,228 locations under operation nationwide
• Chick-fil-A, in its annual FDD, revealed it generated $22.7 billion in U.S. systemwide sales in 2024
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Chick-fil-A began in 1946 when Truett Cathy opened Dwarf Grill in Georgia. The original restaurant pioneered pressure-cooked chicken sandwiches that became the foundation for the chain. By 1967, Cathy opened the first branded Chick-fil-A location in Atlanta's Greenbriar Mall. The company grew through mall-based locations in the 1970s-80s before expanding to standalone restaurants. Today, the chain operates thousands of locations nationwide while maintaining its signature pressure-cooked chicken products and family-owned business structure. The company remains closed on Sundays as part of its founding principles.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-00254-0000-00066 | Improvements Assessment | $97,200 |
| Land Assessment | $2,652,800 | Total Assessment | $2,750,000 |
Property Taxes
Presented by
Chick-fil-A | 15+yrs Corp Abs NNN Grd Lse | 7416 Tonnelle Ave
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