Chipotle & Solidcore - Springfield, NJ_Propriété à vendre
Chipotle & Solidcore - Springfield, NJ_Propriété à vendre

Chipotle & Solidcore - Springfield, NJ

Springfield, NJ, US, Americas

Descriptif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the two-tenant Chipotle / [solidcore] at 697 Morris Turnpike in Springfield, New Jersey ("Property" or "Asset"). The Property is operating on a NN lease with ±13.5 years of weighted average lease term, with recently secured early lease extensions at both sites, underscoring long-term tenant commitment.


This unique opportunity allows investors the ability to acquire a stabilized, long-term, low-management asset in one of New Jersey's most highly coveted trade areas.


...

Attributs

Prix demandé
7 243 000 $
RNI
363 000 $
Taux de capitalisation
5,68 %
Superficie du bâtiment brute
372 mètres carrés
Chipotle & Solidcore - Springfield, NJ (2 Propriétés)
Chipotle & Solidcore - Springfield, NJ (2 Propriétés)

Média

Points forts de l'investissement

  1. One of the largest fast casual chains in the world with 10 consecutive years of revenue growth
  2. ±13.5 Years of weighted average lease term
  3. Irreplaceable positioning in one of the country's most sought-after trade areas
  4. Recently secured early lease extensions, underscoring long-term tenant commitment to this site
  5. Staggered rental escalations allows for continuous passive income
  6. Only [solidcore] site in Union, Essex, or Morris County with the closest location over 20 miles east
  7. $279K Average household income within a 3-mile radius
  8. Frontage along Morris Tpke, adjacent to I-78 and Route 24 with access to 300,000+ vehicles per day
  9. Dense, built-out infill corridor with little room for new entrants to challenge the site
  10. Exceeded Percentage Rent Breakpoint in 2025 by more than $500K


Chipotle & Solidcore - Springfield, NJ 4_Propriété à vendre
Chipotle & Solidcore - Springfield, NJ 4_Propriété à vendre

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Dernière mise à jour
Jul 16, 2026