7416 Tonnelle Ave - Fast Food FOR SALE


North Bergen, NJ 07047
$4,900,000 USD
973-632-1386
7416 Tonnelle Ave, North Bergen, NJ for Sale
$4,900,000 USD
Fast Food - FOR SALE
1/12
null | 4.5% Cap Rate

7416 Tonnelle Ave
North Bergen, NJ 07047


HIGHLIGHTS

  • 15+ Years Remaining | Scheduled Rental Increases | Rare New Jersey Retail Opportunity | Established Brand
  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
  • Signalized Hard Corner Intersection | Interstate 95 | Excellent Visibility | Multiple Points of Access
  • Directly Next to Wawa | Dense Retail Corridor | Across From Target & Lowe’s Anchored Center

OVERVIEW

• Chick-fil-A has over 15 years remaining with 8 (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site • The lease features a 12.5% rental increase in Year 11, a 10% increase in year 16 and 10% increases at the beginning of each option period • The lease features a corporate guaranty from Chick-fil-A, Inc., a private corporation with more than 3,228 locations under operation nationwide • Chick-fil-A, in its annual FDD, revealed it generated $22.7 billion in U.S. systemwide sales in 2024

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$1,146 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | 15+yrs Corp Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

Commercial Miscellaneous

APN/PARCEL ID

08-00254-0000-00066

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.