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Overview
Property ID: iRealty247-21817
- Commercial
- 3,200
Description
EXECUTIVE SUMMARY
• 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by 7-Eleven, Inc., an investment grade (S&P: A), a globally recognized and established convenience store/gas operator (13,000+ U.S. sites)
• The lease features 8% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• 2023 construction will feature high-quality materials, high-level finishes, and distinct 7-Eleven design elements
INVESTMENT HIGHLIGHTS
- 15-Year Lease | 2023 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Signalized, Hard Corner Intersection | Proximity To Princeton | Off I-295 | DIrect Residential Consumer Base | Surrounding Retailers
- Absolute NNN Lease | Accelerated Depreciation | Zero Landlord Responsibilities
- Dense Demographics 5-Mile Trade Area | 4.5 Miles NE of Downtown |Robert Wood Johnson University Hospital
Location
Google Maps
- Address
- Area Klockner Rd
- City Hamilton
- State/county NJ
- Zip/Postal Code 08619
- Country United States
Details
- Property ID iRealty247-21817
- Property Size 3,200 sqft
- Property Type Commercial
- Property Status Rent
- Age of Construction Less than 5 years
Additional Details
- Building Class: C
- Year Built: 2023
- Cap Rate: 5.15%
- NOI: -
- Tenancy: Single
- Building Height: 1 Story
- Building FAR: 0.06
- Land Acres: 1.20 AC
- Frontage: 276 ft on Klockner Rd
- Parking: 25 Spaces (7.81 Spaces per 1,000 SF Leased)
Amenities
Signage
Corner Lot
Drive Thru
Freeway Visibility
Signalized Intersection
