Taco Bell 1120 Somerset St
2,349 SF Retail Building New Brunswick, NJ 08901 $2,200,000 ($936.57/SF) 3.27% Cap Rate
INVESTMENT HIGHLIGHTS
- Fantastic 1031 / Opportunity Zone Investment Opportunity!
- Full NNN Lease with credit Tenant!
- 11 years remaining on lease including options
EXECUTIVE SUMMARY
Fantastic NNN Leased Fee Property Offering!!!
Fully renovated TACO BELL with Drive Thru!
Fully renovated TACO BELL with Drive Thru!
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,349 SF
Building Class
C
Year Built
1995
Price
$2,200,000
Price Per SF
$936.57
Cap Rate
3.27%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
C-6 - Highway Commercial
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
149’ on Somerset St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00597-01-00009-05 | Improvements Assessment | $1,000,000 |
| Land Assessment | $250,000 | Total Assessment | $1,250,000 |
