Built-to-Suit Convenience
For Sale
Contact for pricing
Pending
1001 US-1, Avenel, NJ 07001
Brand new construction built-to-suit QuickChek prototype offered with an absolute net lease and periodic rent escalations.
Property SizeContact for details
Days on Market142
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: Aug 23
Last Checked: Aug 29 at 8:21PM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 47%
Hotels & Casinos 3%
Wawa
Shops & Services
40,562 visits/mo
0.2 miles
McDonald's
Dining
20,397 visits/mo
0.4 miles
Burger King
Dining
11,709 visits/mo
0.5 miles
BP
Shops & Services
10,454 visits/mo
0.0 miles
Denny's
Dining
9,933 visits/mo
0.4 miles
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
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?
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
