14 Frontage Rd - Restaurant FOR SALE


Clinton, NJ 08809
$5,634,074 USD
404-504-7900
14 Frontage Rd, Clinton, NJ for Sale
$5,634,074 USD
Restaurant - FOR SALE
1/12
null | 5.75% Cap Rate

14 Frontage Rd
Clinton, NJ 08809


HIGHLIGHTS

  • Absolute NNN Lease | Annual Rent Increases
  • Strong Performance
  • Excellent Interstate Access & Visibility | I-78 (114,489 VPD)
  • Next to a 129-Room Hampton Inn hotel | Across from a retail node boasting tenants like Walmart, ShopRite, TJ Maxx, Verizon, etc.
  • 43.3 Miles to Newark | 53 Miles to New York City
  • New York-Newark-Jersey City, NY-NJ-PA MSA (MSA Population: 20.0M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 9,696-square-foot Cracker Barrel Old Country Store positioned on 2.42 acres in Clinton, New Jersey -- part of the New York-Newark-Jersey City, NY-NJ-PA MSA (MSA Population: 20.0M+). Cracker Barrel's absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options (six fixed renewal terms, followed by four FMV renewal terms).

FOR SALE DETAILS

PRICE

$5,634,074 USD

PRICE/SF

$581 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel: Clinton, NJ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

132

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

C-N

APN/PARCEL ID

10-00005-0000-00001-0000-C0001

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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

Brian PfohlCBREMore Info
404-504-7900

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