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89 Mount Bethel Rd
Warren, NJ 07059
Mavis Discount Tire · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporately Operated 15-Year Sale-Leaseback
  • Attractive Rental Increases of Five Percent (5.00%) Every Five (5) Years
  • Extremely Affluent Suburban Community | Average Household Income Exceeds $227,000 within One Mile of the Subject Property
  • Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Five (5) Tenant Renewal Periods of Five (5) Years Each
  • Heavily Trafficked Area | Approximately 14,500 Vehicles Per Day Along Mount Bethel Road

PROPERTY FACTS

Property Type
Retail
Property Subtype
Service Station
Building Size
5,800 SF
Building Class
C
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.48 AC
Zoning
BR40
Frontage
183’ on Mount Bethel Rd

ABOUT 89 MOUNT BETHEL RD , WARREN, NJ 07059

This Mavis Discount Tire property is situated at 89 Mount Bethel Road in Warren, New Jersey, less than 30 miles from midtown Manhattan. Mount Bethel Road experiences an average daily traffic count of approximately 14,500 vehicles and intersects with Mountain Boulevard, which brings an additional 15,000 vehicles into the immediate surrounding area each day. The average household income is over $227,000 for homes within one mile of the subject property. There are more than 41,000 individuals residing within a three-mile radius of the subject property and approximately 200,000 individuals within a five-mile radius. The population within a one-mile radius of the subject property is projected to increase by more than 7 percent by 2023. This Mavis Discount Tire features high visibility and ease of access, being located at the hard corner of a signalized intersection and containing multiple ingress and egress points to the property from multiple streets. The property sits in a dense retail corridor that features numerous national and local restaurant and retail concepts. Major national tenants in the immediate area include: Walgreens, Acme Markets, Chase Bank, Bank of America, PNC Bank, TD Bank, Starbucks, Dunkin’ Donuts, Moe’s, Jersey Mike’s and more. The property’s position on Mount Bethel Road is less than two miles south of Interstate-78, which provides direct access into the nearby bustling cities of Newark and Manhattan. Menlo Park Mall, a two-level super regional mall featuring Macy's, Nordstrom, Barnes & Noble Booksellers, Benihana, The Cheesecake Factory, Havana Central, Seasons 52 Fresh Grill, Rainforest Cafe, Chipotle, Smashburger, Chick-fil-A, Panera Bread, Melt Shop, AMC Dine-In Theatre and a variety of specialty foods in the Food Court, is less than 10 miles from the subject property. One of the most attractive communities in New Jersey, Warren Township was voted in 2013 the #1 Best Place to Live in Central New Jersey and #2 in the State of New Jersey. Once described as “the greenest place in New Jersey”, Warren Township residents and elected officials are working to keep the city’s rural character and charm while also implementing growth strategies to accompany the community’s favorable property taxes and strategic location. Warren is uniquely positioned within easy commuting distance of some of the busiest commerce areas in the northeast; Newark, New York City, Philadelphia and the Lehigh Valley, connecting the city with endless resources for industry, education and cultural activities. Businesses and residents alike choose Warren as their home because of the access to major roads and resources. Warren is positioned between Route 78, Route 22 and Route 287. It is close to major shopping centers as well as great restaurants. Warren Township is the location of over 600 businesses, consisting of restaurants, retail, and manufacturing and office occupancies.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-00078-0000-00022-02
Land Assessment
$1,100,000
Improvements Assessment
$1,350,000
Total Assessment
$2,450,000
  • Listing ID: 17794088

  • Date on Market: 11/22/2019

  • Last Updated:

  • Address: 89 Mount Bethel Rd, Warren, NJ 07059

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