3600 State Route 35 - Freestanding FOR SALE


Hazlet, NJ 07730
$2,150,000 USD
732-721-5800
3600 State Route 35, Hazlet, NJ for Sale
$2,150,000 USD
Freestanding - FOR SALE
1/6
null | 8.8% Cap Rate

3600 State Route 35
Hazlet, NJ 07730


HIGHLIGHTS

  • Dollar Tree recently extended their lease for the third time showing a strong commitment to this location.
  • Leasehold ownership structure creates excellent after-tax returns due to the owner's ability to depreciate the improvements 100%
  • Ideally situated in front of an established Home Depot and in close proximity to CVS, Stop & Shop, Advance Auto, Dunkin Donuts, IHOP, and 7-eleven.
  • The ground lease has over 71 years remaining on the base term with an annual rent of only $1.
  • Highly desirable Northern NJ/NYC MSA real estate and demographics, less than 22 miles from Manhattan.
  • Situated on Route 35 with traffic counts exceeding 45,047 vehicles per day and less than 1 mile from the Garden State Parkway with another 98,890 VPD.

OVERVIEW

Dollar Tree, Inc., headquartered in Chesapeake, Virginia, operates over 16,000 stores across the U.S. and Canada, offering a variety of goods priced at $1.25 or less, with some higher-priced items. Founded in 1986, the company went public in 1995 and acquired Family Dollar in 2015, solidifying its position as a major discount retailer. Dollar Tree targets budget-conscious consumers with products like food, household goods, and seasonal items. Dollar Tree has maintained its place as a dominant player in the discount retail space by leveraging its scale, offering variety and value, and adapting to changing market dynamics.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

BH

APN/PARCEL ID

18-00210-0000-00002

ASK ABOUT THIS PROPERTY

Mario BrunelliR.J. Brunelli & Company Inc.More Info
732-721-5800

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Mario BrunelliR.J. Brunelli & Company Inc.More Info
732-721-5800

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