720 Washington Ave Carlstadt, NJ 07072

This exceptional investment opportunity presents a fee-simple, 5,496 square foot QuickChek gas station located at 720 Washington Ave, Carlstadt, NJ 07072. Boasting an impressive 6.25% cap rate and a substantial NOI of $594,000, this property offers a secure and lucrative return. The property features eight gas pumps and sits on a 2.26-acre lot. Built in 2013, the single-tenant building is currently operating at 100% occupancy under a triple-net (NNN) lease with a corporate guarantee from QuickChek, a highly reputable and financially stable company. The lease, expiring February 28, 2033, includes two 10-year renewal options, extending the lease term to 2053. Rent escalations are built into the lease, providing further protection against inflation. The property benefits from its strategic location near major highways (Route 17, Route 3, I-95, I-80), the American Dream Mall, and the Meadowlands Sports Complex, ensuring high traffic volume and strong consumer demand. The surrounding area boasts a dense population (131,517 within a 3-mile radius) with a high average household income ($122,119) and significant consumer spending ($1.6 billion). This prime location, coupled with the strong tenant and favorable lease terms, makes this a truly exceptional investment opportunity. The asking price is $9,500,000, representing a price per square foot of $1,728.53.