Auto Parts
AutoZone | 20 Years Remain | Wilmington, DE MSA | 6% Increase in Year 11
31 S Virginia Ave, Penns Grove, NJ 08069
Listing Price: $1,190,571
Investment Overview
This site fills a void in the tenant’s coverage of New Jersey. The retailer added a new and successful store, six miles south in Pennsville, New Jersey in 2017. Its next nearest location to the north is 14 miles northeast in Gibbstown, New Jersey. AutoZone identified the subject location as a hole in its coverage and believes it can lure customers from its competitor, Advance Auto Parts. According to Placer.ai geofencing data, the neighboring Advance Auto Parts ranks 2nd of seven locations in a 15-mile radius; a strong location for this use.
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By
Auto Parts
AutoZone | 20 Years Remain | Wilmington, DE MSA | 6% Increase in Year 11
Listing Price: $1,190,571
Investment Highlights
- New 20-Year Ground Lease
- Six Percent Increases in Year 11 & Options
- Ideal Middle-Income Demographics
Investment Overview
This site fills a void in the tenant’s coverage of New Jersey. The retailer added a new and successful store, six miles south in Pennsville, New Jersey in 2017. Its next nearest location to the north is 14 miles northeast in Gibbstown, New Jersey. AutoZone identified the subject location as a hole in its coverage and believes it can lure customers from its competitor, Advance Auto Parts. According to Placer.ai geofencing data, the neighboring Advance Auto Parts ranks 2nd of seven locations in a 15-mile radius; a strong location for this use.
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By
