About This Restaurant
Investment Highlights
16+ years remaining with 10, five year options providing long term passive control. The lease is guaranteed by a publicly traded restaurant brand (NASDAQ: CBRL). The store exhibits strong underlying store-level performance metrics, boasting a rent to sales ratio of 7%. Situated adjacent to the New Jersey Turnpike, seeing more than 88,000+ cars per day Located in an affluent area with an average household income of $142,000 within a 1 mile radius.
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 10,333
- Building Class C
- Year Built 2000
- Price 4,916,000
- Price Per SF 476
- Cap Rate 5.40
- NOI 265,464
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 4.68 AC
Property Taxes
| Parcel Number | 37-00905-0000-00001-03 37-00905-0000-00001 37-00905-0000-00001-01 | Improvements Assessment | $4,175,700 |
| Land Assessment | $9,043,600 | Total Assessment | $13,219,300 |
| Date Created: | 2024-07-16 04:16:25 | Last Updated: | 2024-07-16 04:16:25 |
| Address: | 110 Hancock Ln , Mount Holly, New Jersey, 08060 | ||