7416 Tonnele AveNorth Bergen, NJ 07047

Property Details for 7416 Tonnele Ave

Year built

2021

Lot size

1.00 AC

Property size (Sq ft)

4,235 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 4,235 square foot Chick-fil-A restaurant with a drive-thru, located at 7416 Tonnele Ave, North Bergen, NJ 07047. The property sits on a one-acre lot and boasts a Class A, NNN ground lease with a corporate guarantee, extending until May 31, 2041 – a remaining term of 16.5 years. The asking price is $5,512,500, representing a 4.00% cap rate and a strong NOI of $220,500. Built in 2021, this location benefits from a strategic position along a major retail corridor with daily traffic exceeding 35,000 vehicles, ensuring high visibility and accessibility. The lease includes rent bumps of 10% every five years, starting with a 12.50% increase in 2031. The property's prime location is within a densely populated and affluent area, with over 1.66 million people residing within a five-mile radius and an average household income exceeding $134,000 within a three-mile radius. This area is further enhanced by its proximity to MetLife Stadium and Teterboro Airport. The Chick-fil-A is situated directly across from The Home Depot and surrounded by numerous national retailers, including Walmart, Target, Lowe's, BJ's Wholesale, ALDI, and Harbor Freight. This presents a compelling investment opportunity with significant long-term growth potential, backed by a highly successful and reputable tenant. The price per square foot is $1,301.65.

Location Insight

City

North Bergen

County

Hudson

State

New Jersey

Latitude

40.8036

Longitude

-74.019

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].