NNN Ground-Lease Retail
For Sale
Contact for pricing
122 W Oak Ave, Lawnside, NJ 08045
NNN ground lease with option rent increases tied to a low initial rent level.
Property Size134,967 SF
Price / SF$80.44
Days on Market51
Property Features for 122 W Oak Ave
General Information
Standard status
Active
Size
134,967 SF
Total Parking Spaces
595
Property subtype
Retail
Zoning
I-B
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$580,800
Building Details
Year Built
2001
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 10 at 5:14AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This offering is structured as an NNN ground lease retail investment with a stated initial rent level under $5 per square foot. The lease includes option periods with rare 10% increases in the option rents, and the rental rate is described as 50% of market rates in the provided materials. The property size is listed at 134,967 square feet, and the tenant has completed two previous contract renewals.
The property is located at 122 W Oak Ave in Lawnside, New Jersey, within the Philadelphia MSA, as described in the remarks. The provided market context references 292,070 residents within five miles and characterizes the tenant as an investment-grade retailer rated BBB+/Baa2.
For buyers seeking an NNN ground-leased retail structure, the combination of pass-through lease terms, two prior renewals, and defined option rent increases may be particularly relevant. The provided materials also frame the underwriting intent as mitigating shorter-term lease risk through the option structure and the stated rent positioning. This is a for-sale retail property positioned for investors evaluating long-term ground lease attributes and lease continuity factors.
The property is located at 122 W Oak Ave in Lawnside, New Jersey, within the Philadelphia MSA, as described in the remarks. The provided market context references 292,070 residents within five miles and characterizes the tenant as an investment-grade retailer rated BBB+/Baa2.
For buyers seeking an NNN ground-leased retail structure, the combination of pass-through lease terms, two prior renewals, and defined option rent increases may be particularly relevant. The provided materials also frame the underwriting intent as mitigating shorter-term lease risk through the option structure and the stated rent positioning. This is a for-sale retail property positioned for investors evaluating long-term ground lease attributes and lease continuity factors.
Key Highlights
- NNN ground lease structure
- Option rent increases are stated at 10%
- Rental rate is stated as 50% of market rates
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 26%
Shops & Services 18%
Home Improvements & Furnishings 15%
ShopRite
Groceries
47,731 visits/mo
0.3 miles
McDonald's
Dining
31,083 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
26,075 visits/mo
0.0 miles
PetSmart
Shops & Services
17,448 visits/mo
0.4 miles
Wendy's
Dining
15,338 visits/mo
0.4 miles
Demographics for 08045, NJ
2,930
Population
1,288
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
2,093
Density / Sq Mi
$70,338
Median Household Income
$49,022
Median Earnings
$1,034
Median Rent
$215,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - NNN ground lease with option rent increases tied to a low initial rent level.
Where is this retail space located?
The property is located at 122 W Oak Ave Lawnside, NJ.
What is the asking price?
The asking price for this property is $10,856,074.
What are key features of this property?
This property features: NNN ground lease structure; Option rent increases are stated at 10%; Rental rate is stated as 50% of market rates
