4545 Us Highway 9 - Freestanding FOR SALE
Howell, NJ 07731 |
$1,520,000 USD
770-800-3035
4545 Us Highway 9
Howell, NJ 07731
HIGHLIGHTS
- This property may be purchased individually or as part of a five-property portfolio.
- 7.5 years of term remaining backed by AutoZone’s corporate guarantee, the lease has a 5% increase in 2028 and 3 five-year renewal options.
- Rare opportunity to acquire a 1.9-acre parcel with frontage on Route 9 at or below land value.
- AutoZone is paying $79,800 annually on an Absolute Triple Net (NNN) Ground Lease, which is equivalent to only $11.40/SF.
- High-visibility from Route 9 with over 34,000 VPD.
- Over 61,182 population within 3 miles, with average household incomes of $137,073 and average home values exceeding $550,325.
OVERVIEW
Sands Investment Group is proud to exclusively offer the 7,000 SF AutoZone at 4545 US-9 in Howell Township, NJ. This high-demand retail asset is fully backed by AutoZone’s corporate guarantee and features 7.5 years of firm lease term remaining. This property has excellent real estate fundamentals and well below market rent, making this a secure investment for years to come. Can be sold individually or part of a portfolio. Contact brokers for more details.
In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471
FOR SALE DETAILS
PRICE
$1,520,000 USD
PRICE/SF
$217 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone - Howell, NJ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.9 AC
LAND SF
82,764 SF
ZONING
HD
APN/PARCEL ID
21-00035-82-00041-01
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
770-800-3035
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
770-800-3035
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
