3008 State Route 35 - Convenience Store FOR SALE


Hazlet, NJ 07730
$6,500,000 USD
973-299-3083
3008 State Route 35, Hazlet, NJ for Sale
$6,500,000 USD
Convenience Store - FOR SALE
1/5
null | Request Cap Rate

3008 State Route 35
Hazlet, NJ 07730


OVERVIEW

NEW CONSTRUCTION 19+ years remaining on the initial lease term. A 5,585 SF convenience store with eight fueling stations, open 24 hours, 7 days per week. OUTPARCEL OF HAZLET TOWN CENTER A newly re-developed 196,000 SF shopping center anchored by ALDI, Burlington and Planet Fitness. Other tenants include Bank of America, UPS, Panera Bread and more. RETAIL DESTINATION Many of the biggest names in retail have a presence on this stretch of Route 35. National brands include Costco, ShopRite, The Home Depot, Lowe’s Home Improvement, Starbucks, Harbor Freight, Chick-fil-A, Chase Bank and more. HIGH TRAFFIC LOCATION The Property fronts Route 35 which sees over 42,000 vehicles per day. Less than two miles from the Garden State Parkway (Exit 117, 158,000 VPD) and Route 36 (40,000 VPD). PREMIER ACCESS 300 feet from the traffic light intersection and U-turn at Poole Avenue. TROPHY TENANT Wawa (Fitch: BBB) is the 22nd largest private company with 1,100+ locations and $18.8B in revenue per Forbes’ 2024 Top Private Companies. This represents 71% revenue growth over three years. CO-BROKER FEE AVAILABLE 10% Rent Bumps Every 5 Years

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$1,164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,000 SF

ZONING

BH

APN/PARCEL ID

18-00239-0000-00001

ASK ABOUT THIS PROPERTY

Jacklene CheslerColliersMore Info
973-299-3083

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Jacklene CheslerColliersMore Info
973-299-3083

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