Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to purchase a new construction, ground leased QuickChek located in Somerset, New Jersey. The subject property is located right off interstate 287, on Easton Avenue, a connecting thoroughfare for area commuters that sees over 43,000 vehicles per day. Somerset is a densely populated suburban New Jersey submarket in close proximity to the New York City MSA. The property benefits from cotenancy with a Bristal Assisted Living Community and a future hotel site and is prominently and strategically positioned for highway traffic and accessibility. QuickChek, a subsidiary of Murphy Oil, has over 18 years remaining on an initial 20-year term with rent escalations every five years and in each five-year renewal option. The oversized lot comes with minimal landlord responsibility and offers investors the opportunity to add a trophy net lease asset in a premier market to their portfolio. QuickChek is a best-in-class tenant within the highly sought-after convenience sector and a tier-one retailer that is both online and recession resistant, with awards including but not limited to: Foodservice Innovator of the Year, Best Place to Work and notably, Chain of the Year. Additional information on the opportunity is available upon request.