Used Car Dealership with Service
For Lease
$250,000 NNN
500 Kennedy Boulevard, Union City, NJ 07087
The leased operation includes an on-site garage and vehicle display areas.
Space SizeContact for details
Days on Market69
Property Features for 500 Kennedy Boulevard
General Information
Standard status
Active
Total Parking Spaces
43
Property subtype
Retail
Lease Type
NNN
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Corner Lot
Yes
Automotive
Service Bays
2
Automotive Uses
dealership/vehicle sales, auto repair, vehicle storage
Additional Details
Space Use
Automotive
Lease Term
60 months
Taxes and HOA fees
Annual Taxes
$22,140
Amenities
high visibility
Listing Agency:
Compass New Jersey, LLC-Hoboken
Listed By:
Matthew Perasso
(917) 834-0454
Source:
Tkregroupinc
Added: Aug 26
Changed: Nov 1
Last Checked: Nov 1 at 2:56PM
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 New Jersey, LLC-Hoboken
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Investment Insights
Based on property information with market context.
The offering is a used-car dealership business operating under a lease; the underlying land is not included. The property includes a service garage that accommodates two vehicles, three front lanes with capacity for up to 12 vehicles, and a lot sized for 29 vehicles.
The site is at the corner of Secaucus Road and Kennedy Boulevard. The lease is structured as NNN with a minimum five-year term. The retiring owner is open to staying temporarily to assist with a transition, with timing to be agreed upon.
The site is at the corner of Secaucus Road and Kennedy Boulevard. The lease is structured as NNN with a minimum five-year term. The retiring owner is open to staying temporarily to assist with a transition, with timing to be agreed upon.
Key Highlights
- Vehicle lot accommodates 29 cars
- Service garage fits two vehicles
- Three lanes in front can accommodate up to 12 vehicles
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Service bays
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 26%
Dining 26%
Hotels & Casinos 4%
Food Bazaar Supermarket
Groceries
50,785 visits/mo
0.4 miles
McDonald's
Dining
19,026 visits/mo
0.1 miles
KFC
Dining
12,034 visits/mo
0.1 miles
Fine Fare
Groceries
10,861 visits/mo
0.2 miles
AutoZone
Shops & Services
10,775 visits/mo
0.1 miles
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Automotive property - The leased operation includes an on-site garage and vehicle display areas.
Where is this automotive property located?
The property is located at 500 Kennedy Boulevard Union City, NJ.
What is the lease rate?
The lease rate is $250,000.
What are key features of this property?
This property features: Vehicle lot accommodates 29 cars; Service garage fits two vehicles; Three lanes in front can accommodate up to 12 vehicles
