
QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
$9,900,000 | 5,496 sf
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Lowe’s located at 20 International Drive S in Flanders, NJ (“Property” or “Asset”). Lowe’s is operating on an absolute NNN ground lease with ±12.2 years of lease term remaining and eight (8), five-year renewal options and 5.0% rent increases every 5-years. Lowe’s demonstrated their commitment to this location through a recent 15-year lease renewal, which included only one year of free rent, indicating the importance of this site.
This opportunity allows investors the ability to acquire a passive income stream from a leading home improvement retailer with investment grade credit.