162 Hackensack Ave, Hackensack, NJ

Asking: $ 8,631,579


Marketing Description

The subject property is 5,500 SF Quick Chek retail building located in Hackensack, New Jersey. The ground lease opportunity with Quick Chek is a 1.5 acre property with 10 gas pumps. The long term ground lease ends in 2043 and the tenant has four 5 year options to renew.

The surrounding area is densely populated and boasts high income demographics. The site is nearby many national retailers including Target, Burger King, Boston Market, 7-Eleven, Dunkin Donuts, The Shops at Riverside, and many more.

Investment Highlights

  • Building Size: 5,500Sf
  • Cap Rate: 4.50%
  • Lot Size: 1.50 Acres
  • Construction Completed June 2018
  • 25 Year Ground Lease With 10%Increases Every 5 Years
  • Located Right Outside Of Fairleigh Dickinson University
  • Conveniently ΒΌ Miles Away From Route 4
  • 40K Cars Per Day Past The Site

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