471 Main St
East Orange, NJ 07018

BP Gast Station · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Densely Populated Area with Over 419,000 People Within a 3-Mile Radius of the Subject Property
  • Excellent Visibility with Frontage and Signage Along Main Street
  • Over 5 Years Remaining in Term with Strong 15%Rental Increases Every 5 Years
  • In Close Proximity to the I-280 Exit Ramps | Traffic Counts Exceed 207,900 Near the I-280 Exit Ramp Along Garden State Parkway
  • Easily Accessible with Multiple Points of Ingress/Egress

EXECUTIVE SUMMARY

Absolute NNN Ground Lease with Zero Landlord Responsibilities
Over 5 Years Remaining in Term with Strong 15%Rental Increases Every 5 Years
Densely Populated Area with Over 419,000 People Within a 3-Mile Radius of the Subject Property |Estimated Population Growth of 6% Within the Next 5 Years
In Close Proximity to the I-280 Exit Ramps | Traffic Counts Exceed 207,900 Near the I-280 Exit Ramp Along Garden State Parkway
Excellent Visibility with Frontage and Signage Along Main Street
Easily Accessible with Multiple Points of Ingress/Egress
Located 8 Miles From Newark Liberty International Airport, 24 Miles From La Guardia Airport and 32 Miles From John F. Kennedy International Airport

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
651 SF
Building Class
B
Year Built
1996
Price
$1,981,855
Price Per SF
$3,044
Cap Rate
4.85%
NOI
$96,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.66 AC
Opportunity Zone
Yes

PROPERTY TAXES

  • Listing ID: 28991323

  • Date on Market: 7/13/2023

  • Last Updated:

  • Address: 471 Main St, East Orange, NJ 07018