834 Springfield Ave | Irvington, NJ 07111
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- LoopNet Team
834 Springfield Ave
Irvington, NJ 07111
Popeyes · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Popeyes has operated successfully at this site as one of the highest volume Popeyes locations in the system for 25 years
- This location has a strong sales history that has consistently grown year-over-year and reached nearly $3.3M in 2022 (7% rent to sales ratio).
- The Tenant will execute a brand new 20-Year NNN lease with zero landlord responsibilities or expenses upon completion of the sale.
- The restaurant is managed by an experienced, multi-unit franchisee, Quick Quality Restaurants, Inc., that operates a number of Burger King and Popeyes
- Irvington is just 3 miles from Newark and 15 miles from Manhattan, within the dense NY-NJ-PA MSA - there are more than 428,000 residents within 3 mi
- Features a drive-thru, a key part of tenant success throughout the recent pandemic and of increased importance for many tenants moving forward.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,324 SF
Building Class
C
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.15
Lot Size
0.52 AC
Parking
20 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
48’ on Springfield Ave
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-00135-0000-00032-01 | Improvements Assessment | $1,445,000 |
| Land Assessment | $805,000 | Total Assessment | $2,250,000 |
PROPERTY TAXES
Parcel Number
09-00135-0000-00032-01
Land Assessment
$805,000
Improvements Assessment
$1,445,000
Total Assessment
$2,250,000
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