3600 Nj-35Hazlet, NJ 07730

Property Details for 3600 Nj-35

Year built

1997

Lot size

0.38 AC

Property size (Sq ft)

12,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 12,000 square foot Dollar Tree retail property located at 3600 NJ-35, Hazlet, NJ 07730, in Monmouth County. The property, built in 1997 and situated on a 0.38-acre lot, boasts a strong 8.65% cap rate and a substantial net operating income (NOI) of $180,000. The leasehold investment features a credit-rated, corporate-guaranteed tenant with a remaining lease term of 6.2 years, extending to January 31, 2031. Three additional five-year renewal options are included, each with a $6,000 annual rent increase. The property benefits from a double net (NN) lease structure, with the landlord responsible for roof and structure maintenance. A significant advantage is the ground lease, expiring January 31, 2096, with over 71 years remaining and a nominal annual rent of $1. This leasehold structure allows for 100% depreciation of improvements, maximizing after-tax returns. The property enjoys a prime location on Route 35, a major retail corridor with over 43,000 vehicles per day, less than a mile from the Garden State Parkway (93,000+ VPD). It benefits from strong demographics, with over 136,000 people and average household incomes exceeding $133,000 within a 5-mile radius. The property is also ideally situated near other major retailers, including Home Depot, CVS, Stop & Shop, and more, further enhancing its value and potential. The asking price is $2,080,924. This is a 100% occupied, single-tenant property offering a secure and profitable investment opportunity.

Location Insight

City

Hazlet

County

Monmouth

State

New Jersey

Latitude

40.4236

Longitude

-74.1982

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].