This Property is no longer advertised on Showcase.com.
Off Market
1/7

575 Spring St
Elizabeth, NJ 07201


HIGHLIGHTS

  • Absolute NNN ground leased AutoZone asset with over 11 years remaining
  • Two 8% rental increases remaining in base term
  • Dense retail trade area with national retailers such as Speedway, Wawa, Sonic, Burger King, and Dunkin’ Donuts, among others
  • Lease corporately guaranteed by AutoZone

OVERVIEW

STREAM Capital Partners is pleased to offer a corporately guaranteed, absolute NNN ground leased AutoZone asset with over 11 years remaining and two 8% rental increases remaining in base term. The asset is located on Spring Street with over 52,000 vehicles per day in a dense retail trade area with national retailers such as Speedway, Wawa, Sonic, Burger King, and Dunkin’ Donuts, among others. The Subject Property is situated in a densely-populated area with over 214,300 people living in a three-mile radius with average household incomes exceeding $79,360. The property is in close proximity to Newark Airport (46 million annual passengers) and Port of Newark (#3 in US port volume).

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

7200

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

04-00008-0000-01688-A