For Sale
$3,100,363

4347 Us-130Edgewater Park, NJ 08010

7,360 SF Auto Parts Store, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 7,360-square-foot AutoZone retail property located at 4347 US-130 in Beverly, New Jersey, within the Philadelphia MSA. The property boasts a Class A building constructed in 2006, situated on a 43,560-square-foot lot and zoned HC. Currently operating under a triple-net (NNN) lease with AutoZone, Inc., an investment-grade tenant rated "BBB" by Standard & Poor's, this single-tenant property offers significant upside potential. The lease, commencing November 1, 2006, and expiring October 31, 2031, includes three five-year renewal options with a 10% rent increase in each option period. The current annual net operating income (NOI) is $170,520, representing a 5.20% cap rate and a price per square foot of $445.55. The asking price is $3,100,363. The property benefits from a strong demographic profile, with a population of 201,949 within a five-mile radius and an average household income of $103,447. AutoZone's below-market rent of $23.17 per square foot provides further upside potential. The tenant's early lease extension in March 2020 underscores their commitment to this location. This is a secure, passive income investment with built-in growth potential.

Highlights

  • Investment-grade tenant AutoZone, Inc. (S&P BBB rating) with a corporate guaranteed lease.
  • Triple-net (NNN) lease with minimal owner responsibilities.
  • Below-market rent of $23.17/sf provides significant upside potential.
  • AutoZone extended their lease in March 2020, showcasing strong commitment.
  • Three five-year lease options with 10% rent increases each.
  • Strong demographics: 201,949 people within five miles, average household income $103,447.

Property Details for 4347 Us-130

Property type
Retail properties, Auto shops
Square Feet
7,360 SF
Class
A
Year Built
2006
Buildings
1
Stories
1
Units
1

Location Insight

City
Edgewater Park
County
Burlington
State
New Jersey
Latitude
40.0514814
Longitude
-74.8971607
4347 Us-130, Edgewater Park, New Jersey

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4347 Us-130
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