QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
SGD 12,647,000 | 511 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant 7-Eleven at Blue Lick Road and Crone Road in Memphis, Indiana (“Property” or “Asset”). The Property is operating on an absolute NNN lease with 18.0 years of primary lease term, 10.0% rent escalations every 5 years and four, five-year options.
IN Broker of Record: Steve Schwegman: IN License #: RB14042704
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Attributes
Asking price
SGD 16,582,000
Cap rate
5.25%
NOI
SGD 871,000
WAULT
18 years
Land area gross
2.41 ha
Building area net
451 m²
Media
Investment Highlights
- Fee simple and bonus deprecation eligible (check with your CPA)
- 18.0 years of absolute NNN primary lease term from investment grade ‘A’ tenant
- I-65/Exit 16 interchange with accessibility to 55,000 VPD
- Adjacent to #7 most visited gas station (Love’s Travel Shop) in Indiana with 1.3M visits annually, as well as #1 most visited Thorntons in Indiana
- Strong demographics with 35% population growth since 2010 within 3-mile radius and $143K average household income within 5-mile radius
Contact brokers
7-Eleven - Memphis, IN (0 Properties)
