68 US Highway 46 - Car Washes FOR SALE


Mountain Lakes, NJ 07046
$2,900,000 USD
917-696-0802
68 US Highway 46, Mountain Lakes, NJ for Sale
$2,900,000 USD
Car Washes - FOR SALE
1/12
null | 5.59% Cap Rate

68 US Highway 46
Mountain Lakes, NJ 07046


HIGHLIGHTS

  • 30 Year NNN Lease
  • Total Rent $6,037,389 over term of the lease
  • Main Road Location
  • Tenant is doing a full renovation of the property.

OVERVIEW

Investment Opportunity at 68 US Highway 46, Mountain Lakes, NJ Offering a prime investment opportunity on the highly trafficked Route 46 in Mountain Lakes, NJ. This income-generating property features a fully operational car wash with a 30-year NNN (Triple Net) lease, providing long-term stability and hassle-free ownership. Property Highlights: Location: Prime position at 68 US Highway 46 in Mountain Lakes, ensuring high visibility and consistent traffic. Lease Terms: 30-year NNN lease, offering a secure and passive income stream with minimal landlord responsibilities. Lease rates increase to $20,000+ per month over term. Tenant Commitment: The tenant is actively renovating the entire building while continuing to pay rent, enhancing the property's value without additional costs to the owner. New Equipment valued at $1M+. Corporate tenant. Building Size: Approximately 5,533 square feet, providing substantial space for current operations and future adaptability. This property offers an ideal location, a long-term, reliable tenant, and ongoing property improvements—making it a strong addition to any investment portfolio. For more information or to schedule a private tour, contact us today!

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$524 USD /SF

CAP RATE

5.59%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

25-00004-0000-00023

ASK ABOUT THIS PROPERTY

Cheryl DarmaninKW CommercialMore Info
917-696-0802

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Cheryl DarmaninKW CommercialMore Info
917-696-0802

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