Current Use by Public Records
- Lifestyle centers
Property Details for 99 Nj-17
- Year built
- 1998
- Lot size
- 12.14 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee simple, single-tenant, absolute NNN leased Home Depot property located at 99 NJ-17, Lodi, NJ 07644, in Bergen County. The property, built in 1998, encompasses 132,003 square feet on a 12.14-acre lot and boasts a 100% occupancy rate with a credit-rated corporate guarantee. The current lease has 5.5 years remaining with rent bumps included. The property features a Class A designation and benefits from a highly visible location with four points of entry/exit and two monument signs, providing excellent accessibility. Situated near major roadways, including NJ-17 (approx. 99,579 vehicles per day) and I-80 (approx. 104,223 vehicles per day), this location enjoys high traffic volume. The surrounding area is densely populated, with approximately 225,749 residents within a 3-mile radius, exhibiting a strong average annual household income of $113,137. The property also includes a development pad, presenting a value-add opportunity. The asking price is $67,250,000, representing a 6.01% cap rate. This is a rare Bergen County investment opportunity with significant potential for long-term returns. The property's APN is 31-00194-02-00005-01, 31-00194-02-00005-02, 31-00194-02-00006, and 31-00194-02-00007. Lease options are available.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lodi
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0662
- Latitude
- 40.8853
