2210 US 22 - Fast Food FOR SALE


Union Township, NJ 07083
$2,870,000 USD
973-632-1386
2210 US 22, Union Township, NJ for Sale
$2,870,000 USD
Fast Food - FOR SALE
1/6
null | 5.75% Cap Rate

2210 US 22
Union Township, NJ 07083


HIGHLIGHTS

  • Brand new 10-year ground lease with no landlord responsibilities and 3 (5-year) renewal options | 10% Rent Increase
  • Guaranteed by Krystal Restaurants LLC, the corporate entity behind Krystal with over 273 locations nationwide
  • High-visibility location with direct frontage on Route 22 (85,000 VPD) | Minutes from the Garden State Parkway (227,400 VPD)
  • Near major national retailers and large shopping centers, including anchors such as Costco, Walmart, & Marshalls, all within one mile of the property
  • Supported by over 594,000 residents (AHHI $151,095) and 198,400 employees in the 5-mile trade area

OVERVIEW

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Krystal located in Union, New Jersey. The tenant, Krystal Restaurants LLC, recently executed a brand new 10-year lease with three (3) additional five-year renewal options, demonstrating long-term commitment to the site. The lease features 10% rental increases every five years throughout the primary term and option periods, delivering consistent NOI growth and a built-in hedge against inflation. Structured as an absolute NNN ground lease, the tenant is responsible for all taxes, insurance, and property maintenance, providing zero landlord responsibilities and making this an ideal, management-free investment for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$2,870,000 USD

PRICE/SF

$1,395 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Krystal Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

CC

APN/PARCEL ID

19-03101-0000-00033

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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