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1 N Virginia Ave 3,838 SF Retail Building Penns Grove, NJ 08069 $2,513,095 CAD ($654.79 CAD/SF) 4.15% Cap Rate
Investment Highlights
- This newly constructed McDonald’s, which opened in May 2025, is secured by a brand-new 20-year corporate-guaranteed ground lease.
- McDonald’s benefits from the strong demographics surrounding this location, with 81,143 people within 5-mile of the site..
- McDonald’s is the world’s largest fast-food chain, operating over 41,000 locations worldwide and generating more than $23.2 billion in annual reven.
Executive Summary
Equity CRE is pleased to offer for sale a newly constructed McDonald’s in Penns Grove, NJ, which opened in May 2025. The property is secured by a 20-year corporate-guaranteed NNN ground lease, providing long-term stability and peace of mind for investors. Backed by McDonald’s USA, LLC—rated "BBB+" by S&P—the asset offers a secure investment opportunity supported by one of the world’s most recognizable and financially sound brands.
Ideally situated on North Virginia Avenue, the property enjoys excellent visibility and ease of access, with two points of ingress and egress. It is located directly adjacent to a newly built Wawa, which opened in August 2024, driving strong traffic to the area and further enhancing the site’s overall appeal.
Ideally situated on North Virginia Avenue, the property enjoys excellent visibility and ease of access, with two points of ingress and egress. It is located directly adjacent to a newly built Wawa, which opened in August 2024, driving strong traffic to the area and further enhancing the site’s overall appeal.
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- Market Information
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,838 SF
Building Class
B
Year Built
2025
Price
$2,513,095 CAD
Price Per SF
$654.79 CAD
Cap Rate
4.15%
NOI
$104,293 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.72 AC
Zoning
H-C/I - Highway Commercial / Industrial
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-00035-0000-00017 | Improvements Assessment | $764,819 CAD |
| Land Assessment | $1,051,279 CAD | Total Assessment | $1,816,098 CAD |
Property Taxes
Parcel Number
08-00035-0000-00017
Land Assessment
$1,051,279 CAD
Improvements Assessment
$764,819 CAD
Total Assessment
$1,816,098 CAD
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1 N Virginia Ave
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