Description
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
