For Sale
$2,095,000
190 First Ave Atlantic Highlands, NJ 07716
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Long-term lease: New 2021 construction with a 10-year NNN lease, plus three 5-year options.
- Attractive rent increases: 8% rent increases every 5 years throughout the lease term.
- Minimal landlord responsibilities: NNN lease; landlord responsible only for roof and structure.
- Investment-grade tenant: 7-Eleven, with an A (S&P) credit rating.
- Strong tenant growth: 7-Eleven's acquisition of Speedway significantly expanded its North American footprint.
- Excellent location: Corner lot at a signalized intersection with high visibility on a major thoroughfare, across from a grocery-anchored shopping plaza.
Property Details for 190 First Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 3,000 SF
- Year Built
- 2021
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 14,810 SF
- Units
- 1
Location Insight
- City
- Atlantic Highlands
- County
- Monmouth
- State
- New Jersey
- Latitude
- 40.409643
- Longitude
- -74.0394908
Nearby Comparable
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 190 First Ave Atlantic Highlands, NJ.
- What is the asking price?
- The asking price for this property is $2,095,000.
- What are key features of this property?
- This property features: Long-term lease: New 2021 construction with a 10-year NNN lease, plus three 5-year options.; Attractive rent increases: 8% rent increases every 5 years throughout the lease term.; Minimal landlord responsibilities: NNN lease; landlord responsible only for roof and structure.
- How can I contact the broker?
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