600 Irick Rd - Auto Repair FOR SALE


Westampton, NJ 08060
$1,666,667 USD
781-776-4003
600 Irick Rd, Westampton, NJ for Sale
$1,666,667 USD
Auto Repair - FOR SALE
1/5
null | 6% Cap Rate

600 Irick Rd
Westampton, NJ 08060


HIGHLIGHTS

  • New Construction
  • Attractive Rent Increases
  • Zero Management Responsibiltiies
  • Dynamic Tenant
  • Prime Retail Location
  • Area Drivers

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the condominium interest in a new construction Take 5 Oil Change located at 600 Irick Road in Burlington, New Jersey (the “Property”). The new construction building is set to be completed in 2026; Take 5 has signed a 15-Year Absolute NNN Ground Lease that is followed by four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each option period. The Property is situated within The Gateway, an upcoming commercial development positioned at the intersection of Irick Road and Burlington-Mount Holly Road (CR 541), the area’s primary commercial and commuter corridor. The Property will feature direct access from Burlington-Mount Holly Road and will benefit from outstanding frontage and visibility as well as close proximity to Interstate 295 and the NJ Turnpike. The Property is less than a mile from The Crossings, a large industrial development anchored by Amazon that will feature three industrial/warehouse buildings and will contain approximately 1.9 million square feet and is across the street from Towne Crossing Shopping Center, a 400,000+ square foot regional center anchored by Home Depot, Target, Kohl’s, and Dick’s Sporting Goods. Additionally, the Property is seconds from an under construction 500-unit apartment community. Burlington is a suburb of Philadelphia, approximately 20 miles northeast of the city.

FOR SALE DETAILS

PRICE

$1,666,667 USD

PRICE/SF

$969 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

I-1

APN/PARCEL ID

06-00123-0000-00002

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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