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    445 Broadway Paterson, NJ 07501

    For Sale
    $2,280,000

    Single-tenant Taco Bell NNN lease with zero landlord responsibilities.

    Lot size:
    0.31 Acres

    Property Features for 445 Broadway

    General Information

    Lot size
    0.31 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Taco Bell NNN Lease

    This single-tenant property is leased to Fiesta QSR, a Taco Bell franchisee with over 15 locations in New York and New Jersey. The absolute NNN lease structure assigns zero landlord responsibilities, with the tenant covering real estate taxes, insurance, and all repairs and maintenance, including the roof, structure, sidewalk, parking area, landscaping, trash, and lighting. The base lease term expires in May 2034, featuring a 10% increase in November 2029, and includes five, five-year options with 12% increases per option, potentially extending income through 2059. Constructed in 2024 to modern Taco Bell specifications, the property includes a drive-thru lane. The property has over 300 feet of frontage along Broadway and East 18th Street.
    Location Intelligence

    Current Use by Public Records

    ORAGECAR SERVICELLC Taxi Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.155249
    Latitude
    40.91867

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    FAQs

    What type of property is this?
    Drive through restaurant - Single-tenant Taco Bell NNN lease with zero landlord responsibilities.
    Where is this drive through restaurant located?
    The property is located at 445 Broadway Paterson, NJ.
    What is the asking price?
    The asking price for this property is $2,280,000.
    What are key features of this property?
    This property features: - Single-Tenant Absolute NNN Lease: Enjoy a truly passive investment with zero landlord responsibilities.; - Long Term Lease: Lease expires May 2034 with rent increase in November 2029 and potential income through 2059 with (5) five-year options.; - Leased to Taco Bell Franchisee: Experienced operator (Fiesta QSR) with strong financials and 15+ locations.
    (516) 647-7155
    Request Owner's contact information
    445 Broadway Paterson, NJ 07501
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    Paterson, NJ 07501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    445 Broadway Paterson, NJ 07501
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