NNN Retail Leasehold
715 E Memorial Pkwy Phillipsburg, NJ 08865
715 E Memorial Pkwy, Phillipsburg, NJ, 08865
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For Sale
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Absolute NNN retail lease with 14 years remaining and annual CPI-based increases on a remodeled parcel.
Property Size3,550 SF
Lot Size1.11 Acres
Price / SF$460.79
Days on Market23
Property Features for 715 E Memorial Pkwy
General Information
- Standard status
- Active
- Size
- 3,550 SF
- Lot size
- 1.11 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agency
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed by
Dean Zang · License #MD 665335
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 11:44PM Checked: Jul 21 at 11:44PM
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 is a retail NNN investment with an absolute net lease structure, featuring 14 years remaining on the current term. The property sits on a 1.11-acre parcel and was remodeled in 2019, completed at the tenant’s expense.
The lease includes annual CPI-based increases listed as 1.11. Public remarks also describe a dense, affluent trade area of 71,000+ residents with $100,000+ AHHI within 3 miles, along with a below-market rent rate under $90,000 per year.
The tenant is described as an experienced operator with a 475+ unit franchisee footprint.
The lease includes annual CPI-based increases listed as 1.11. Public remarks also describe a dense, affluent trade area of 71,000+ residents with $100,000+ AHHI within 3 miles, along with a below-market rent rate under $90,000 per year.
The tenant is described as an experienced operator with a 475+ unit franchisee footprint.
Key Highlights
- Absolute NNN retail lease with 14 years remaining
- Annual CPI‑based rent increases
- 1.11‑acre parcel
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN retail lease with 14 years remaining and annual CPI-based increases on a remodeled parcel.
Where is this nnn property located?
The property is located at 715 E Memorial Pkwy Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $1,635,790.
What are key features of this property?
This property features: Absolute NNN retail lease with 14 years remaining; Annual CPI‑based rent increases; 1.11‑acre parcel
