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Pizza Hut 1236 St Georges Ave 1,500 SF Retail Building Avenel, NJ 07001 $1,734,525 CAD ($1,156.35 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Unit-Level Performance
- High-Traffic Retail Corridor
- Franchisee-Guaranteed Lease
- Affluent Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 1236 Saint Georges Avenue, Avenel, NJ 07001. The site consists of roughly 1,500 rentable square feet of building space on an estimated .34-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) l ease which will commence upon close of escrow. The annual rent will be $75,000 and has scheduled increases of 2.00% Annually
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,500 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
$1,734,525 CAD
Price Per SF
$1,156.35 CAD
Cap Rate
6%
NOI
$104,071 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.34 AC
Zoning
B-3
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-00832-0000-00001 | Improvements Assessment | $120,899 CAD |
| Land Assessment | $97,387 CAD | Total Assessment | $218,286 CAD |
PROPERTY TAXES
Parcel Number
25-00832-0000-00001
Land Assessment
$97,387 CAD
Improvements Assessment
$120,899 CAD
Total Assessment
$218,286 CAD
CONTACTS
-
Francis Purritano -
Joseph Kelly -
Alexandre Marietto -
Glen Kunofsky -
Christopher Marks -
Surmount
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Pizza Hut | 1236 St Georges Ave
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