QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
₱588,169,000 | 511 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the two-tenant Popeyes / Qdoba at 1921-1951 E Edgar Road in Linden, NJ (“Property” or “Asset”). The Property is operating on a NN lease with ±17.4 years of weighted average lease term, with each tenant benefitting from fixed rent escalations and three, five-year renewal options.
NJ Broker of Record: Jose Cruz, License #: NJ-8743725
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Attributes
Asking price
₱304,779,000
Cap rate
6%
NOI
₱18,280,000
WAULT
17.4 years
Building area gross
400 sm
Occupancy
100%
Year built
2025
Popeyes & Qdoba - Linden, NJ (2 Properties)
Popeyes & Qdoba - Linden, NJ (2 Properties)
Media
Investment highlights
- Two-tenant retail pad with ±17.4 years of weighted average lease term
- Outparcel to Linpark Square that generates 1.3 million visits annually
- 3 miles to Newark Airport with 49 million annual passengers
- Direct access via US Route 1/9, New Jersey Turnpike & I-278 with 416,000 VPD
- Strong demographics with 515,000 residents earning $116K in 5-mile radius
- Popeyes is one of the world’s largest QSR chicken concepts with $7.4B in systemwide sales
- Qdoba is ranked #1 best fast casual restaurant by USA Today for 6 straight years
- Union County is one of New Jersey’s fastest growing counties
Contact brokers
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Last updated
Jan 14, 2026
