171 Bloomfield Ave - Auto Repair FOR SALE


Bloomfield, NJ 07003
$2,221,943 USD
770-800-3035
171 Bloomfield Ave, Bloomfield, NJ for Sale
$2,221,943 USD
Auto Repair - FOR SALE
1/5
null | 5.25% Cap Rate

171 Bloomfield Ave
Bloomfield, NJ 07003


HIGHLIGHTS

  • This property may be purchased individually or as part of a five-property portfolio.
  • 10 Years of Term Remaining backed by AutoZone (S&P: BBB).
  • Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities.
  • 10% increase in 2030, plus three (3), five-year renewal options with additional 10% escalations.
  • New 2020 construction on a 0.57-acre lot.
  • Over 20,000 VPD pass this store at the corner of Bloomfield Ave and Berkeley Ave.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 6,000 SF AutoZone located at 171 Bloomfield Avenue in Bloomfield, NJ. This asset features new 2020 construction on a 0.57-acre lot, along with a 10% rent increase in 2030 and three (3), five-year renewal options, each with additional 10% escalations. These strong, built-in rent bumps, combined with the modern construction, make this a compelling and secure investment opportunity. Can be sold individually or part of a portfolio. Contact brokers for more details. In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471

FOR SALE DETAILS

PRICE

$2,221,943 USD

PRICE/SF

$370 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone - Bloomfield, NJ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

B-2

APN/PARCEL ID

02-00362-0000-00018

ASK ABOUT THIS PROPERTY

Luke WakefieldSands Investment Group Atlanta, LLCMore Info
770-800-3035

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Luke WakefieldSands Investment Group Atlanta, LLCMore Info
770-800-3035

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