For Sale
$1,281,993

299 Rte Edison, NJ 08817

High-Cap Rate NNN Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail property, located at 299 Route 1 in Edison, New Jersey (08817), presents a compelling investment opportunity. The 2,312 square foot building sits on a 0.073-acre lot and is currently occupied by a single tenant, T-Mobile, under a triple-net (NNN) lease. The asking price is $1,281,993, representing a strong 7.25% capitalization rate. The property boasts convenient access from three roadways, enhancing its visibility and accessibility. The net rent is $92,444.55 annually. The landlord is responsible for roof structure maintenance and building insurance ($2,000 annually), while the tenant covers HVAC, interior components, glass and doors, and common area maintenance (CAM) expenses. This well-located, single-tenant NNN asset offers a stable income stream and significant potential for long-term appreciation. The property's strong tenant and favorable lease terms make it an attractive addition to any investment portfolio. Its prime location in Middlesex County, New Jersey, provides excellent visibility and accessibility for customers. This is a rare opportunity to acquire a high-performing retail property with a proven track record.

Highlights

  • Triple-net (NNN) leased T-Mobile property available for sale.
  • Excellent access via three roadways.
  • Landlord responsible for roof structure ($2,000 allowance) and building insurance.
  • Tenant responsible for HVAC, interior, glass, doors, and common area maintenance (CAM).
  • Annual net rent: $92,444.55

Property Details for 299 Rte

Property type
Retail properties
Square Feet
2,312 SF
Lot Size (sq. ft)
3,180 SF

Location Insight

City
Edison
County
Middlesex
State
New Jersey
Latitude
40.5014532
Longitude
-74.4045847

FAQs

What type of property is this?
Retail property - High-Cap Rate NNN Retail Property
Where is the retail property located?
The property is located at 299 Rte Edison, NJ.
What is the asking price?
The asking price for this property is $1,281,993.
What are key features of this property?
This property features: Triple-net (NNN) leased T-Mobile property available for sale.; Excellent access via three roadways.; Landlord responsible for roof structure ($2,000 allowance) and building insurance.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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299 Rte
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