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Ground-Leased QSR Restaurant Property
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230 Harrison Ave, Harrison, NJ 07032

New construction Taco Bell pad site on a signalized intersection with a remaining NNN ground lease.

Property SizeContact for details
Days on Market134

Property Features for 230 Harrison Ave

General Information

Standard status Active
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Tenancy Single
Listing Agency: CBRE - Philadelphia Suburban
Listed By: Matthew Gorman · License #PA RS287470
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 12:58AM

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 CBRE - Philadelphia Suburban

Investment Insights

Based on property information with market context.

This new construction Taco Bell property is offered as a NNN ground lease with no landlord responsibilities or expenses. The initial 20-year lease term has 18 years remaining, followed by renewal options consisting of two, five-year options and one ten-year option. The lease provides for 10% rental increases every five years throughout the base term and option periods. The lease is guaranteed by MUY Brands, LLC.

The property is located on Harrison Avenue at a signaled intersection, offering on-site visibility and access. The site is situated on a 1+ acre parcel and is positioned as a pad site to a Walmart Supercenter, adjacent to a new Super Wawa, a retail strip center, and a proposed McDonald’s.

The location is described as part of the New York City MSA, with access noted immediately off Interstate 95 (NJTP), I-280, and Routes 1 & 9 (Pulaski Skyway).

Key Highlights

  • New construction Taco Bell pad site in Kearny, NJ on Harrison Ave at a signalized intersection
  • NNN ground lease structure with no landlord responsibilities or expenses
  • 18 years remaining on an initial 20‑year lease, plus two 5‑year options and one 10‑year renewal option

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Nursing Home Veterinary Clinic Tanning Salon (Bike/Boat/Book/etc) Store Farmer's Market Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,292
Businesses Nearby
166k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 45% Dining 38% Hotels & Casinos 11% Electronics 4%
Wendy's Dining
35,286 visits/mo 0.3 miles
QuickChek Shops & Services
20,411 visits/mo 0.2 miles
Speedway Shops & Services
15,735 visits/mo 0.3 miles
Bank of America Shops & Services
14,746 visits/mo 0.3 miles
Popeyes Louisiana Kitchen Dining
12,235 visits/mo 0.3 miles

Demographics for 07032, NJ

41,999
Population
15,340
Households
2.7
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
4,773
Density / Sq Mi
$83,212
Median Household Income
$45,251
Median Earnings
$1,649
Median Rent
$431,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Pages Restaurant On the Mall 150 Halsey St, Newark, NJ 07102

Frequently Asked Questions

What type of property is this?
Conventional restaurant - New construction Taco Bell pad site on a signalized intersection with a remaining NNN ground lease.
Where is this conventional restaurant located?
The property is located at 230 Harrison Ave Harrison, NJ.
What are key features of this property?
This property features: New construction Taco Bell pad site in Kearny, NJ on Harrison Ave at a signalized intersection; NNN ground lease structure with no landlord responsibilities or expenses; 18 years remaining on an initial 20‑year lease, plus two 5‑year options and one 10‑year renewal option
(484) 567-2340 Call to check price and availability
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