229 Bound Brook Rd Middlesex, NJ 08846
- Commercial real estate
- 2,339 SF
- 1.13 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant / Fast Food Restaurant
Property Details for 229 Bound Brook Rd
- Year built
- 2022
- Lot size
- 1.13 lot acres
- Property size
- 2,339 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a brand-new, 2,339-square-foot Popeyes Louisiana Kitchen restaurant located at 229 Bound Brook Road in Middlesex, New Jersey. Built in 2022, this freestanding property boasts a modern design, including a double drive-thru with a bypass lane, maximizing operational efficiency and customer convenience. Situated on a 1.13-acre lot, the property offers ample parking with approximately 26 spaces, including roadside parking. The strategic location along Bound Brook Road (Route 28) ensures high visibility, enhanced by storefront signage and a double-sided pylon. The property benefits from a strong daytime and residential population exceeding 234,000 and 240,000 respectively within a 5-mile radius, creating a robust customer base. The current tenant is a seasoned franchisee with a proven track record in various Popeyes locations. This absolute NNN lease offers a 20-year term with a remaining term of 20 years, providing long-term stability and predictable cash flow. The property's strong performance is reflected in its 5.10% cap rate and a net operating income (NOI) of $125,000. The property is zoned for General Business use and offers easy access to major highways, including Route 22 and Interstate 28. This is a rare opportunity to acquire a high-performing, established restaurant with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middlesex
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.47884
- Latitude
- 40.585737
