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    76 Nj-23 Franklin, NJ 07416

    Sponsored
    For Lease
    Contact for pricing

    Prime Highway Location, High Traffic

    Lot size:
    2,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant property boasts a prime location directly off Route 23, a major highway with thousands of daily commuters providing unparalleled visibility and accessibility. Previously a fast-food establishment, this single-tenancy space offers a rare opportunity within a thriving mini-mall development. The property benefits from excellent exposure due to its proximity to high-profile national brands such as T-Mobile, ShopRite, Dollar Tree, and Mattress Firm, creating potential for synergistic cross-marketing and increased customer traffic. The mini-mall offers ample parking with over one hundred spaces available for patrons. This high-traffic location ensures significant foot and vehicle traffic, making it an ideal space for a variety of restaurant concepts. The property's drive-thru feature further enhances convenience and efficiency for customers. This is a truly exceptional opportunity to establish a successful restaurant business in a high-demand area with significant existing brand recognition and customer flow. The property's strategic placement and ample parking make it a highly desirable location for any restaurant operator seeking maximum exposure and accessibility. Don't miss this chance to secure a prime location on a busy highway.

    Property Features for 76 Nj-23

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,350 SF

    Unit(s) available at that property

    Space
    Size
    2,350 SF

    HighLights

    • High‑visibility drive‑thru restaurant available for lease on Route 23.
    • Prime location on a busy highway with high daily traffic counts.
    • Excellent co‑tenancy with national brands like T‑Mobile, ShopRite, Dollar Tree, and Mattress Firm.
    • Over 100 parking spaces in a mini‑mall setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Franklin
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.5810883
    Latitude
    41.1062789

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    FAQs

    What type of property is this?
    Restaurant - Prime Highway Location, High Traffic
    Where is this restaurant located?
    The property is located at 76 Nj-23 Franklin, NJ.
    What are key features of this property?
    This property features: High-visibility drive-thru restaurant available for lease on Route 23.; Prime location on a busy highway with high daily traffic counts.; Excellent co-tenancy with national brands like T-Mobile, ShopRite, Dollar Tree, and Mattress Firm.
    Request Owner's contact information
    76 Nj-23 Franklin, NJ 07416
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    Franklin, NJ 07416
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    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
    76 Nj-23 Franklin, NJ 07416
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