NNN Retail Leasehold
For Sale
$1,635,790
715 Memorial Pkwy, Phillipsburg, NJ 08865
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 Market53
Property Features for 715 Memorial Pkwy
General Information
Standard status
Active
Size
3,550 SF
Lot size
1.11 Acres
Property subtype
Restaurant
Lease Type
NNN
Amenities
14 Years Remaining on Absolute NNN Lease with Annual CPI Increases
1.11 Acre Parcel with 2019 Remodel Completed at Tenant's Expense
Dense & Affluent Trade Area: 71,000+ Residents with $100k AHHI in 3 miles
Below Market Rent Rate under $90,000/Year
Building Details
Building Size
3,550 SF
Year Renovated
2019
Listing Agency:
Marcus & Millichap - Washington, D.C.
(201) 742-6100
Listed By:
Jim McGuckin · License #License(s) NJ: 2082114
(201) 742-6100
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 14 at 7:49AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 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
