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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 $4,900,000 ($1,145.66/SF) 4.50% 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
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- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Chick-fil-A is a privately held quick-service restaurant chain best known for its chicken sandwiches and customer service. Founded in 1946 by S. Truett Cathy in Hapeville, Georgia, the company has grown into one of the largest fast-food brands in the United States, with thousands of locations nationwide. Headquartered in College Park, Georgia, Chick-fil-A operates under a unique corporate culture that emphasizes hospitality and community engagement. The company is notable for its policy of closing all locations on Sundays, a practice rooted in its founder’s principles. Chick-fil-A’s menu centers on chicken-based offerings, including sandwiches, nuggets, and salads, complemented by signature waffle fries and beverages. In addition to its domestic presence, the brand has expanded internationally with select locations in Canada and the United Kingdom. The company remains family-owned and privately held.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
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Chick-fil-A | 15+yrs Corp Abs NNN Grd Lse | 7416 Tonnelle Ave
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