Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    299 Rte Edison, NJ 08817

    For Sale
    $1,281,993

    High-Cap Rate NNN Retail Property

    Property size:
    2,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 299 Route 1 in Edison, New Jersey (08817), presents a compelling investment opportunity. The 2,312 square foot building sits on a 0.073-acre lot and is currently occupied by a single tenant, T-Mobile, under a triple-net (NNN) lease. The asking price is $1,281,993, representing a strong 7.25% capitalization rate. The property boasts convenient access from three roadways, enhancing its visibility and accessibility. The net rent is $92,444.55 annually. The landlord is responsible for roof structure maintenance and building insurance ($2,000 annually), while the tenant covers HVAC, interior components, glass and doors, and common area maintenance (CAM) expenses. This well-located, single-tenant NNN asset offers a stable income stream and significant potential for long-term appreciation. The property's strong tenant and favorable lease terms make it an attractive addition to any investment portfolio. Its prime location in Middlesex County, New Jersey, provides excellent visibility and accessibility for customers. This is a rare opportunity to acquire a high-performing retail property with a proven track record.

    Property Features for 299 Rte

    General Information

    Property type
    Retail properties
    Square Feet
    2,312 SF
    Lot Size
    3,180 SF

    HighLights

    • Triple‑net (NNN) leased T‑Mobile property available for sale.
    • Excellent access via three roadways.
    • Landlord responsible for roof structure ($2,000 allowance) and building insurance.
    • Tenant responsible for HVAC, interior, glass, doors, and common area maintenance (CAM).
    • Annual net rent: $92,444.55
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edison
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4045847
    Latitude
    40.5014532

    Nearby Similar for Sale

    • Contact for pricing
      54,982 SF

      Edison Office Space Near Train

      Move-in ready office space near Metro Park Train Station.
      2 State Rte 27 Hwy, Edison, NJ 08820
      View Details
    • New
      $799,900

      Renovated Two-Family Home

      Fully renovated two-family home with two-bedroom apartments in Edison.
      23 Carlton St S, Edison, NJ 08837
      View Details
    • $989,000
      0.09 Acres

      Renovated Two-Family Property in Edison

      Updated two-family home near Route 1 and Metuchen train station.
      385 Pierson Ave, Edison, NJ 08837
      View Details
    • $2,200,000
      8,700 SF

      Edison Commercial Property on Route 1

      Highly visible commercial property on Route 1 with diverse tenants.
      226 Us 1 Hwy, Edison, NJ 08817
      View Details
    • New
      $450,000
      1,232 SF

      Edison Two-Family Home For Sale

      Two-family home in Edison, NJ, with identical units.
      684 Old Post Rd, Edison, NJ 08817
      View Details
    • $550,000
      1,614 SF

      Edison Mixed-Use Investment Opportunity

      Mixed-use building in Edison's business district with high visibility.
      1595 Lincoln Hwy, Edison, NJ 08817
      View Details

    FAQs

    What type of property is this?
    Retail property - High-Cap Rate NNN Retail Property
    Where is this retail property located?
    The property is located at 299 Rte Edison, NJ.
    What is the asking price?
    The asking price for this property is $1,281,993.
    What are key features of this property?
    This property features: Triple-net (NNN) leased T-Mobile property available for sale.; Excellent access via three roadways.; Landlord responsible for roof structure ($2,000 allowance) and building insurance.
    (908) 668-9600
    Request Owner's contact information
    299 Rte Edison, NJ 08817
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 Rte
    Edison, NJ 08817
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    299 Rte Edison, NJ 08817
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.