Auto Service - Gas-Conv
Quickchek
1850 Easton Ave, Franklin Township, NJ 08873
Listing Price: $7,222,222
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.
Investment Highlights
- Corporate Guaranty from Quickchek
- Brand New Ground Leased 16 Pump Gas Station + Convenience Store
- Attractive Rental Increases with 10% every five(5) years during the initial term and during the option periods
- Phenomenal Demographics: 5-Mile Population: 220K+; 5-Mile Average Household Income: $118K+
- Oversized 3.13 Acre Parcel
- Highly Trafficked Location, Excellent Access and Visibility
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By
Listing Price: $7,222,222
Investment Highlights
- Corporate Guaranty from Quickchek
- Brand New Ground Leased 16 Pump Gas Station + Convenience Store
- Attractive Rental Increases with 10% every five(5) years during the initial term and during the option periods
- Phenomenal Demographics: 5-Mile Population: 220K+; 5-Mile Average Household Income: $118K+
- Oversized 3.13 Acre Parcel
- Highly Trafficked Location, Excellent Access and Visibility
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.
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By

