1463 Prospect St - Car Washes FOR SALE


$2,142,857 USD
516-477-7026
1463 Prospect St, Ewing, NJ for Sale
$2,142,857 USD
Car Washes - FOR SALE
1/3
null | 7% Cap Rate


HIGHLIGHTS

  • Brand New 20-Year NNN Lease
  • Attractive Annual Rent Growth
  • Strong Infill Location
  • Essential Service Tenant

OVERVIEW

Surmount is pleased to present the exclusive listing for an Urban Xpress Wash located at 1463 Prospect Street, Ewing Township, NJ 08638. The site consists of roughly 5,631 rentable square feet of building space on an estimated 1.34-acre parcel of land. Urban Xpress Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,142,857 USD

PRICE/SF

$429 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Xpress Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,200 SF

ZONING

BH

APN/PARCEL ID

02-00118-04-00063

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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