4347 Us-130Edgewater Park, NJ 08010

Property Details for 4347 Us-130

Year built

2006

Property size (Sq ft)

7,360 SF

Property type

Retail properties

Property subtype

Auto shops

Description

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.

Location Insight

City

Edgewater Park

County

Burlington

State

New Jersey

Latitude

40.0515

Longitude

-74.8972

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].