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Chipotle & solidcore | Prime Location 697 Morris Tpke 4,000 SF 100% Leased Retail Building Springfield, NJ 07081 $7,880,449 CAD ($1,970.11 CAD/SF) 5% Cap Rate
Investment Highlights
- Corporate-Guaranteed Leases | Long-Term Stability | Strong Embedded Rent Growth | Percentage Rent Upside
- Prime Location | Shadow Anchored by Wawa and Shoprite | Dense Retail Corridor | High Traffic Exposure
- #1 MSA in the U.S. | Top-Tier New Jersey Location | Exceptional Demographics
Executive Summary
• 100% occupied, two-tenant retail investment property
• Both tenants—Chipotle and Solidcore—operate under corporate guaranteed leases, providing strong credit backing and income security
• Both tenants—Chipotle and Solidcore—operate under corporate guaranteed leases, providing strong credit backing and income security
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,000 SF
Building Class
B
Year Built
2019
Price
$7,880,449 CAD
Price Per SF
$1,970.11 CAD
Cap Rate
5%
NOI
$394,004 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.42 AC
Zoning
GC - General Commercial
Parking
32 Spaces (8 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (76)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 17-00501-0000-00003 | Improvements Assessment | $1,139,576 CAD |
| Land Assessment | $1,191,375 CAD | Total Assessment | $2,330,951 CAD |
Property Taxes
Parcel Number
17-00501-0000-00003
Land Assessment
$1,191,375 CAD
Improvements Assessment
$1,139,576 CAD
Total Assessment
$2,330,951 CAD
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Chipotle & solidcore | Prime Location | 697 Morris Tpke
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