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Take 5 Oil Change 600 Irick Rd 1,720 SF 4-Star Retail Building Westampton, NJ 08060 $2,278,234 CAD ($1,324.55 CAD/SF) 6% Cap Rate
Investment Highlights
- New Construction
- Zero Management Responsibiltiies
- Prime Retail Location
- Attractive Rent Increases
- Dynamic Tenant
- Area Drivers
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the condominium interest in a new construction Take 5 Oil Change located at 600 Irick Road in Burlington, New Jersey (the “Property”). The new construction building is set to be completed in 2026; Take 5 has signed a 15-Year Absolute NNN Ground Lease that is followed by four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each option period. The Property is situated within The Gateway, an upcoming commercial development positioned at the intersection of Irick Road and Burlington-Mount Holly Road (CR 541), the area’s primary commercial and commuter corridor. The Property will feature direct access from Burlington-Mount Holly Road and will benefit from outstanding frontage and visibility as well as close proximity to Interstate 295 and the NJ Turnpike. The Property is less than a mile from The Crossings, a large industrial development anchored by Amazon that will feature three industrial/warehouse buildings and will contain approximately 1.9 million square feet and is across the street from Towne Crossing Shopping Center, a 400,000+ square foot regional center anchored by Home Depot, Target, Kohl’s, and Dick’s Sporting Goods. Additionally, the Property is seconds from an under construction 500-unit apartment community. Burlington is a suburb of Philadelphia, approximately 20 miles northeast of the city.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,720 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$2,278,234 CAD
Price Per SF
$1,324.55 CAD
Cap Rate
6%
NOI
$136,694 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.01 AC
Zoning
I-1
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Take 5 Oil Change
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Take 5 Oil Change | - | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $12,436,284 CAD | Total Assessment | $12,436,284 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$12,436,284 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,436,284 CAD
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Take 5 Oil Change | 600 Irick Rd
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