Retail Space /NJ /Union County /Springfield /697 Morris Tpke
Retail Space /NJ /Union County /Springfield /697 Morris Tpke

697 Morris Tpke - Retail FOR SALE


Springfield, NJ 07081 | 
$5,842,000 USD
973-632-1386
697 Morris Tpke, Springfield, NJ for Sale
$5,842,000 USD
Retail - FOR SALE
1/8
null | 5% Cap Rate
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697 Morris Tpke
Springfield, NJ 07081

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HIGHLIGHTS

  • Corporate-Guaranteed Leases | Long-Term Stability | Strong Embedded Rent Growth | Percentage Rent Upside
  • #1 MSA in the U.S. | Top-Tier New Jersey Location | Exceptional Demographics
  • Prime Location | Shadow Anchored by Wawa and Shoprite | Dense Retail Corridor | High Traffic Exposure

OVERVIEW

• 100% occupied, two-tenant retail investment property • Both tenants—Chipotle and Solidcore—operate under corporate guaranteed leases, providing strong credit backing and income security

FOR SALE DETAILS

PRICE

$5,842,000 USD

PRICE/SF

$1,461 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & solidcore | Prime Location

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,187 SF

ZONING

GC

APN/PARCEL ID

17-00501-0000-00003

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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

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