Built-to-Suit Convenience
1001 US-1 Avenel, NJ 07001
For Sale
Contact for pricing
Pending
Brand new construction built-to-suit QuickChek prototype offered with an absolute net lease and periodic rent escalations.
Days on Market104
Property Features for 1001 US-1
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
Compass Commercial
Listed By:
Justin Natalizio · License #NY 10401310452
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 22 at 11:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a brand new construction, built-to-suit QuickChek prototype for sale at 1001 US-1 in Woodbridge Township, New Jersey. The property is offered with nearly 17 years remaining on an absolute net lease featuring rent escalations every five years and in the four five-year renewal options.
The tenant is QuickChek, described in the remarks as a best-in-class convenience retailer. The seller’s materials also highlight that QuickChek has awards including Foodservice Innovator of the Year, Best Place to Work, and Chain of the Year.
IMPORTANT POTENTIAL DEBT ASSUMPTIONS are noted in the offering materials: $7.1M principal at a 3.95% rate with a 10-year term starting in 2019 and 7 years remaining, with a 25-year amortization schedule.
The tenant is QuickChek, described in the remarks as a best-in-class convenience retailer. The seller’s materials also highlight that QuickChek has awards including Foodservice Innovator of the Year, Best Place to Work, and Chain of the Year.
IMPORTANT POTENTIAL DEBT ASSUMPTIONS are noted in the offering materials: $7.1M principal at a 3.95% rate with a 10-year term starting in 2019 and 7 years remaining, with a 25-year amortization schedule.
Key Highlights
- Brand new construction built‑to‑suit QuickChek prototype in Woodbridge, New Jersey
- Nearly 17 years remaining on an absolute net lease with periodic rent escalations every five years
- Rent escalations also apply through four five‑year renewal options
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - Brand new construction built-to-suit QuickChek prototype offered with an absolute net lease and periodic rent escalations.
Where is this grocery and convenience store located?
The property is located at 1001 US-1 Avenel, NJ.
What are key features of this property?
This property features: Brand new construction built‑to‑suit QuickChek prototype in Woodbridge, New Jersey; Nearly 17 years remaining on an absolute net lease with periodic rent escalations every five years; Rent escalations also apply through four five‑year renewal options
