For Sale
$6,539,714

1425 Us-46Roxbury Township, NJ 07852

High-Return Car Wash Investment in NJ

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 6,412 square foot, 100% occupied car wash in Roxbury Township, NJ. Boasting a 21-year NNN lease (commencing April 15, 2023, and expiring April 15, 2044), this property offers a substantial 19.4 years of remaining lease term with zero landlord responsibilities. The property features a corporate guarantee and a 7.00% cap rate, generating a strong NOI of $457,780. Situated on a 0.61-acre lot at 1425 US-46, this high-exposure location benefits from significant daily traffic on Route 46 and Interstate 80 (45,300 and 92,500 vehicles respectively). The car wash enjoys a prime location near The Shops at Ledgewood Commons, an area anchored by major retailers including Walmart, Home Depot, Kohl's, and more, ensuring a substantial customer base. The lease includes a 2.00% annual rental increase, further enhancing the investment's long-term value. Built in 2023, this car wash set a single-day record for washes upon opening, demonstrating exceptional market demand. The affluent surrounding area boasts an average household income exceeding $142,000, providing a strong and stable consumer base. This is a rare opportunity to acquire a high-performing, long-term NNN leased car wash in a prime New Jersey location. The asking price is $6,539,714.

Highlights

  • 21-year NNN lease with over 19 years remaining; zero landlord responsibilities.
  • Record-breaking opening day wash volume.
  • Excellent location near The Shops at Ledgewood Commons, anchored by Walmart, Home Depot, Kohl's, and other major retailers.
  • 2% annual rent increases.
  • High-visibility location on Route 46 and Interstate 80, with combined daily traffic exceeding 137,800 vehicles.
  • Strong consumer base with average household income exceeding $142,000.

Property Details for 1425 Us-46

Property type
Specialty properties, Car washes
Square Feet
6,412 SF
Year Built
2023
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Roxbury Township
County
Morris
State
New Jersey
Latitude
40.8868408
Longitude
-74.6597242
1425 Us-46, Roxbury Township, New Jersey

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1425 Us-46
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