3115 State Route 35 - Restaurant FOR SALE


Hazlet, NJ 07730
$1,600,000 USD
732-768-7932
3115 State Route 35, Hazlet, NJ for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/23
null | 6% Cap Rate

3115 State Route 35
Hazlet, NJ 07730


HIGHLIGHTS

  • Highway location, across from McDonalds and Shop-rite, next to Starbucks, Panera Bread, Wawa and Lidl and other major retailers.
  • NNN leased property

OVERVIEW

NNN leased to a mexican restaurant that will be opening soon! CAP rate is 6%. The operator has done extensive updates and new restaurant equipment, grease trap, hood, furniture and fixtures, windows, parking lot upgrades, exterior upgrades, lighting and landscaping. Owner has put in new HVAC, roof and other updates. Restaurant operator is financially strong and has given personal guarantees. 10 year lease with increases. Excellent highway location across from McDonalds and Shop-rite. Neighboring new retailers include Wawa, Starbucks, Panera Bread, Lidl, Burlington, Planet Fitness, Aldi, Aspen Dental, Noches Di Columbia and much much more. Other major retailers include Costco, Home Depot, Pepboys, Dunkin, Stop and Shop, Staples etc.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$496 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

BH

APN/PARCEL ID

18-00182-0000-00010

ASK ABOUT THIS PROPERTY

Kal GanesanKal GanesanMore Info
732-768-7932

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Kal GanesanKal GanesanMore Info
732-768-7932

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