1236 St Georges Ave - Fast Food FOR SALE


Avenel, NJ 07001
$1,250,000 USD
201-661-1238
1236 St Georges Ave, Avenel, NJ for Sale
$1,250,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

1236 St Georges Ave
Avenel, NJ 07001


HIGHLIGHTS

  • Strong Unit-Level Performance
  • Franchisee-Guaranteed Lease
  • High-Traffic Retail Corridor
  • Affluent Demographics

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 1236 Saint Georges Avenue, Avenel, NJ 07001. The site consists of roughly 1,500 rentable square feet of building space on an estimated .34-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) l ease which will commence upon close of escrow. The annual rent will be $75,000 and has scheduled increases of 2.00% Annually

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

B3

APN/PARCEL ID

25-00832-0000-00001

ASK ABOUT THIS PROPERTY

Francis PurritanoSurmountMore Info
201-661-1238

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Francis PurritanoSurmountMore Info
201-661-1238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.