Current Use by Public Records
- Retail properties & Spaces
Property Details for 4347 Us-130
- Year built
- 2006
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,360-square-foot AutoZone retail property located at 4347 US-130 in Beverly, New Jersey, within the Philadelphia MSA. The property boasts a Class A building constructed in 2006, situated on a 43,560-square-foot lot and zoned HC. Currently operating under a triple-net (NNN) lease with AutoZone, Inc., an investment-grade tenant rated "BBB" by Standard & Poor's, this single-tenant property offers significant upside potential. The lease, commencing November 1, 2006, and expiring October 31, 2031, includes three five-year renewal options with a 10% rent increase in each option period. The current annual net operating income (NOI) is $170,520, representing a 5.20% cap rate and a price per square foot of $445.55. The asking price is $3,100,363. The property benefits from a strong demographic profile, with a population of 201,949 within a five-mile radius and an average household income of $103,447. AutoZone's below-market rent of $23.17 per square foot provides further upside potential. The tenant's early lease extension in March 2020 underscores their commitment to this location. This is a secure, passive income investment with built-in growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edgewater Park
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.8972
- Latitude
- 40.0515
