Advance Auto Parts NNN — Ledgewood, NJ
$2,287,886 · 6.15% CAP · 9.5 YRS
Advance Auto Parts in Morris County within the New York MSA, extended long-term by the corporate tenant. About 9.5 years of NNN term remain, followed by three 5-year renewal options.
Lease Abstract
- Price
- $2,287,886
- Cap rate
- 6.15% CAP
- NOI
- $140,705
- Term remaining
- 9.5 YRS
- Lease type
- NNN
- Options
- Three, 5-Year Options
- Guarantee
- Corporate
- Building
- 6,810 SF
- Lot
- 1 AC
- Year built
- 2016
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Location
Ledgewood, New Jersey. Full address and offering memorandum released on request — see our Advance Auto Parts tenant guide and the New Jersey market page for the underwriting context.
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Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
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