Property summary
This exceptional Class A retail property in Avenel, New Jersey, presents a lucrative investment opportunity. Located in Woodbridge Township, Middlesex County (zip code 07001), this single-story building sits on approximately 0.09 to 1.1 acres of land and boasts 5,000 square feet of net rentable space. Currently operating at 100% occupancy with a franchisee tenant, the property offers a strong net operating income (NOI) of $119,000, resulting in a compelling 4.03% cap rate. The asking price is $2,950,000, translating to $590 per square foot. The property is zoned for convenience store, quick-service restaurant (QSR), and restaurant uses. Ample parking is available with 65 spaces. The lease is a triple-net (NNN) lease with zero years remaining, presenting an opportunity for immediate repositioning or continued operation under the existing tenant. The property features a single building with one story and is suitable for a variety of retail and food service concepts. Do not disturb the existing tenant. This is a corporate-owned property.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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