284 Washington Ave, Carlstadt, NJ 07072-3085
- Commercial real estate
- 1.60 lot acres
Current Use by Public Records
- 7-Eleven / Grocery & Convenience Store
- Western Union / Bank / Credit Union
- Sunoco / Gas Station
- Premium Epoxy Services – Garage Concrete Flooring Coatings / Corporate Office
- Official Fuel Of Nascar / Gas Station
Property Details for 284 Washington Ave
- Year built
- 1970
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.60 lot acres
- Property type
- Commercial real estate
- APN
- 05 00127-0000-00017-0000-HM
- APU
- 05001270000000170000HM
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 1, 2022 | — | First Hope Bank | Carlstadt Partners LLC | Assignment Of Lease (leasehold Sale) | — |
| Mar 1, 2022 | $3,000,000 | Carlstadt Partners LLC | Delellis Realty Company LLC | Deed | $4.5M · First Hope Bank |
| Jun 18, 2015 | — | Delellis Realty Co LLC | De Lellis Jacob | Quit Claim Deed | — |
| Jul 16, 2010 | — | Jacob Deellis | Deellis,jacob | Quit Claim Deed · related | — |
| Jan 14, 2005 | $1 | Jacob Delellis | Delellis,jacob | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a brand-new, 4,714 square foot 7-Eleven convenience store and gas station located at 284 Washington Ave, Carlstadt, NJ 07072. Built in 2024, this Class A property sits on a 1.28-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee, expiring November 30, 2039. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $402,200, resulting in a compelling 5.65% cap rate. This prime location benefits from exceptional visibility and accessibility at a signalized hard corner, with combined daily traffic counts exceeding 28,000 vehicles. The area is densely populated and affluent, with over 700,000 people residing within a 5-mile radius and an average household income exceeding $113,000 within a 3-mile radius. The property's proximity to MetLife Stadium, Teterboro Airport, and the Meadowlands Sports Complex further enhances its appeal. Significant tax benefits are available through accelerated depreciation and cost segregation, including a rare fuel sales reporting clause for bonus depreciation. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a highly desirable location. The asking price is $7,120,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,295,000
- ML approach
- $5,635,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Carlstadt
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0539
- Latitude
- 40.8335
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
