380 Route 23 - Freestanding FOR SALE
Wantage, NJ 07461 |
$1,600,000 USD
888-993-5344
380 Route 23
Wantage, NJ 07461
HIGHLIGHTS
- Dollar General Corporate Guaranty; S&P Investment Grade Credit “BBB”; Absolute Triple Net Lease: Zero Landlord Responsibilities; 2016 Construction
- Original 15 Year Lease: 6 Years Remaining on Primary Term; Attractive 4-5yr Options with 10% Rent Increases in Each Option
- Above Nationally Average performance for Dollar General, per Placer.AI (Contact Broker for Details)
- Limited Competition; Only Dollar Store within a 15 Mile Radius; Population Exceeds 70,000 within 10 Miles
- Approximately 1 Hour from Downtown Manhattan, NY; Affluent Demographics; $113,000+ Average Household Income within 5 Miles
- Wantage sits along the Appalachian Trail and attracts over 267,000 Visitors Annually
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$177 USD /SF
CAP RATE
7.44%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Abs. NNN Lease Dollar General | Wantage, NJ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
2.21 AC
LAND SF
96,268 SF
ZONING
HC
APN/PARCEL ID
24-00014-0000-00015-01
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
888-993-5344
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
888-993-5344
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
