SiteOne Landscape Supply | 207 Bakers Basin Rd
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SiteOne Landscape Supply 207 Bakers Basin Rd
6,700 SF Industrial Building Lawrenceville, NJ 08648 $3,941,009 ($588/SF) 5.75% Cap Rate
Investment Highlights
- Absolute NNN Lease with Rare Annual Rent Increases | 3% Annual Rent Increases & in Each of the Three, 5-Year Renewal Options
- Positioned Less Than 8 Miles from Downtown Trenton and Princeton University | 1 Mile from On-Ramp to I-295 (77,036)
- Located Behind the 11,921 SF Lawrence Corners | Chick-fil-A, McDonald's, Sherwin-Williams Paint Store, Verizon & Wawa
- Unique IOS Opportunity at Below-Market Rent & Flexibility
- Coveted Princeton Pike Corridor Location | 6.2 MSF Retail, 5.3 MSF Office, 6.9 MSF Industrial & 4,431 Multifamily Units within 3-Miles
- Trenton-Princeton, NJ MSA Advantage | MSA Population 384,446
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 6,700-square-foot SiteOne Landscape Supply situated on ±5.23 acres in Lawrence Township, New Jersey—which is within the Trenton-Princeton, NJ MSA (MSA Population: 384,446). SiteOne’s absolute NNN lease features ±7.8 years of term remaining with 3% annual rent increases throughout the remainder of the term and in each of the three, 5-year renewal options.
This unique industrial outdoor storage offering boasts a site coverage ratio of just 2.94% and flexible zoning allows for conversion to a higher-density use in the future. As a landscaping supplier, SiteOne utilizes the IOS space at this site for the storage of irrigation, agronomic, nursery and hardscape products.
This offering further benefits from a well below market rent at $3,610/mo/acre and boasts strong real estate fundamentals due to its proximity to Interstate 295.
This unique industrial outdoor storage offering boasts a site coverage ratio of just 2.94% and flexible zoning allows for conversion to a higher-density use in the future. As a landscaping supplier, SiteOne utilizes the IOS space at this site for the storage of irrigation, agronomic, nursery and hardscape products.
This offering further benefits from a well below market rent at $3,610/mo/acre and boasts strong real estate fundamentals due to its proximity to Interstate 295.
Property Facts
| Price | $3,941,009 | Lot Size | 5.23 AC |
| Price Per SF | $588 | Rentable Building Area | 6,700 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 5.75% | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.19/1,000 SF |
| Building Class | C |
| Price | $3,941,009 |
| Price Per SF | $588 |
| Sale Type | Investment NNN |
| Cap Rate | 5.75% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.23 AC |
| Rentable Building Area | 6,700 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.19/1,000 SF |
Amenities
- Air Conditioning
Utilities
- Water
- Sewer
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PROPERTY TAXES
| Parcel Number | 07-03601-0000-00005-01 | Improvements Assessment | $269,000 |
| Land Assessment | $598,600 | Total Assessment | $867,600 |
PROPERTY TAXES
Parcel Number
07-03601-0000-00005-01
Land Assessment
$598,600
Improvements Assessment
$269,000
Total Assessment
$867,600
zoning
| Zoning Code | HC (Commercial) |
| HC (Commercial) |
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Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Eric Dyer -
Michael Shover -
Thomas Finnegan -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE
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SiteOne Landscape Supply | 207 Bakers Basin Rd
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