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100% Leased Applegreen Travel Plaza on I-80 17-19 Simpson Rd 21,780 SF 100% Leased Retail Building Online Auction Sale Columbia, NJ 07832
Financing Available
Matterport 3D Tour
Investment Highlights
- Delaware Water Gap Travel Plaza is a multi-tenant service station for travelers to stop for fresh food, Sunoco gas, and convenient road amenities.
- Strong annual performance generating NOI over $975,000 and home to national tenants Applegreen, Chick-fil-A, Starbucks, Auntie Anne’s
- Christopher Columbus Highway/ Interstate 80 boasts a daily traffic count of more than 55,000 vehicles for ideal built-in exposure.
- Prime location for travelers directly off Interstate 80, approximately 2 miles from the Portland-Columbia Toll Bridge.
- Sunoco has long maintained the 12-pump covered gas station and provides air pumps; there are also now 8 Tesla Super-Charger EV charging stations.
- Features include prominent pylon signage, 97 surface parking spaces, and a drive-thru for the Chick-fil-A line.
Executive Summary
Qualified investors have the exclusive opportunity to acquire a 100% fee simple interest in the Delaware Water Gap Travel Plaza, a Sunoco-anchored service station plaza encompassing a 21,780-square-foot retail building and a 12-pump gas station at 17-19 Simpson Road in Columbia, New Jersey.
The retail building is currently 100% master leased by Applegreen who operates a Chick-Fil-A, Strbucks, and Auntie Anne's out of this location. The well-maintained interior features a large food court with a skylit atrium ceiling, providing overhead daylighting and ceiling fans. A large, mounted TV displays weather and news for travelers to observe.
The plaza is located on Interstate 80 near the border of New Jersey and Pennsylvania, right next to the Delaware Water Gap. It is the first privately owned Travel Plaza in the state of New Jersey and is the first rest stop from New York City on the route west to Pennsylvania. This area is booming year-round. The summer attracts travelers who hike and boat in the Delaware Water Gap, as well as those who come to Pennsylvania for its various water parks. Winter attracts skiing and snowboarding in Pennsylvania’s Pocono Mountains. The plaza recently added 8 Tesla Super-Chargers EV Charging Stations.
The service station generates a healthy Net Operating Income (NOI) of over $975,000 per year from rental income and sales revenue. Inquire today to learn more about this stable investment.
Please reach out to Brian Anderson for financing inquiries.
The retail building is currently 100% master leased by Applegreen who operates a Chick-Fil-A, Strbucks, and Auntie Anne's out of this location. The well-maintained interior features a large food court with a skylit atrium ceiling, providing overhead daylighting and ceiling fans. A large, mounted TV displays weather and news for travelers to observe.
The plaza is located on Interstate 80 near the border of New Jersey and Pennsylvania, right next to the Delaware Water Gap. It is the first privately owned Travel Plaza in the state of New Jersey and is the first rest stop from New York City on the route west to Pennsylvania. This area is booming year-round. The summer attracts travelers who hike and boat in the Delaware Water Gap, as well as those who come to Pennsylvania for its various water parks. Winter attracts skiing and snowboarding in Pennsylvania’s Pocono Mountains. The plaza recently added 8 Tesla Super-Chargers EV Charging Stations.
The service station generates a healthy Net Operating Income (NOI) of over $975,000 per year from rental income and sales revenue. Inquire today to learn more about this stable investment.
Please reach out to Brian Anderson for financing inquiries.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
- Physical
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Service Station
Building Size
21,780 SF
Building Class
C
Year Built
1980
NOI
$1,339,179 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
2.37 AC
Parcel Number
13-00014-0000-00001
Zoning
C-2 - Commercial
Parking
97 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
480’ on Simpson Road
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
936
3,479
9,282
2020 Population
1,042
3,831
10,234
2029 Population
911
3,395
9,049
2024-2029 Projected Population Growth
-2.7%
-2.4%
-2.5%
Daytime Employees
882
1,609
3,702
Total Businesses
94
205
453
Average Household Income
$113,396
$108,647
$108,067
Median Household Income
$90,570
$85,091
$85,076
Total Consumer Spending
$14M
$51.6M
$136.1M
Median Age
48.6
49.7
50.2
2024 Households
367
1,399
3,742
Percent College Degree or Above
19%
18%
21%
Average Home Value
$331,405
$326,886
$342,061
$ values in USD
Sale Advisors
Sale Advisors
Jordan Sobel, Director
Jordan is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle markets transactions in the $2 million to $50 million range in the suburban New York Metropolitan area.
Since joining the Private Client Group, Jordan has been involved in more than $1 billion of property sales comprising over 4 million square feet. Jordan’s tenacity and work ethic has consistently delivered superior results for his clients.
Prior to joining the Capital Markets Group, Jordan was a Land Acquisition Analyst at K. Hovnanian Homes. There he assisted the Acquisition team with the evaluation on current and potential acquisitions.
Since joining the Private Client Group, Jordan has been involved in more than $1 billion of property sales comprising over 4 million square feet. Jordan’s tenacity and work ethic has consistently delivered superior results for his clients.
Prior to joining the Capital Markets Group, Jordan was a Land Acquisition Analyst at K. Hovnanian Homes. There he assisted the Acquisition team with the evaluation on current and potential acquisitions.
Andrew Schwartz, Managing Director
Andrew J. Schwartz is a Senior Director in the Metropolitan Area Capital Markets Group. He is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle markets transactions in the $2 million to $20 million range in the suburban New York Metropolitan area.
Since joining the Capital Markets Group, Andrew has been involved in more than $500 million of property sales comprising over 5.7 million square feet. Prior to that, he worked on Wall Street for 20 years serving institutional clients at Abel Noser and Morgan Stanley. Previous to that, he was with Cushman & Wakefield as an office and industrial leasing broker.
Since joining the Capital Markets Group, Andrew has been involved in more than $500 million of property sales comprising over 5.7 million square feet. Prior to that, he worked on Wall Street for 20 years serving institutional clients at Abel Noser and Morgan Stanley. Previous to that, he was with Cushman & Wakefield as an office and industrial leasing broker.
Andre Balthazard, Sr. Associate
Andres’s team specializes in middle-market transactions in the Northern New Jersey and Suburban New York markets. Prior to joining the Capital Markets team, André interned with Cushman & Wakefield in the Sacramento, California, office, where he worked with teams that represented office and industrial tenants and landlords.
Daniel Bottiglieri, Senior Associate - Capital Markets
Daniel J. Bottiglieri is an Associate in the Metropolitan Area Capital Markets Group. He is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle market dispositions ranging from $2 million to $30 million with a specific focus on retail sales.
Brian Anderson, Debt Manager
Brian’s knowledge and extensive experience of the commercial real estate sector allows him to provide proper funding sources for all types of financing requests. His proficiency in underwriting and negotiating, positions him as an expert in CRE financing in order to advise, originate and negotiate the most favorable terms to ensure an effective and timely closing. Brian is a Boston University School of Management graduate.
About the Auction Technology
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
Contacts
-
Jordan Sobel -
Andrew Schwartz -
Andre Balthazard -
Daniel Bottiglieri -
Brian Anderson -
Cushman & Wakefield
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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100% Leased Applegreen Travel Plaza on I-80 | 17-19 Simpson Rd
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100% Leased Applegreen Travel Plaza on I-80 | 17-19 Simpson Rd
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