Home Depot | 99 State Route 17 N
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Home Depot 99 State Route 17 N
132,003 SF Retail Building Lodi, NJ 07644 $67,250,000 ($509/SF) 6.01% Cap Rate
Investment Highlights
- Top-performing Home Depot Location (contact agent for details)
- Large ±12.14 acre property which incl. a pad outparcel development opportunity
- Adjacent to NJ-17 (±99,579 VPD) and I-80 (±104,223 VPD)
Executive Summary
Walseth Investment Company is pleased to present the opportunity to acquire a freestanding, single-tenant, absolute NNN, Home Depot investment property with a pad outparcel development opportunity located in Lodi, NJ.
Investment Highlights:
Absolute NNN lease with zero landlord responsibilities
Top-performing Home Depot Location (contact agent for details)
Adjacent to NJ-17 (±99,579 VPD) and I-80 (±104,223 VPD)
Four (4) points of entry/exit to parcel with two (2) monument signs - a highly visible and accessible retail location
±12.14 acre property which incl. a pad outparcel development opportunity
225,749 residents (3-mi) with an average $113,137 annual HH income - a dense and highly affluent community
Only ±6 minutes from Teterboro Airport, ±12 minutes from Meadowlands Sports Complex (MetLife Stadium, The American Dream), and ±14 minutes from Manhattan
See website for more information: https://walsethinvestment.com/home-depot-lodi%2C-nj
Broker of Record:
Brian Brockman
NJ 02154562
Bang Realty - New Jersey, Inc
P.O. Box 19622 Cincinnati, OH 45219
Investment Highlights:
Absolute NNN lease with zero landlord responsibilities
Top-performing Home Depot Location (contact agent for details)
Adjacent to NJ-17 (±99,579 VPD) and I-80 (±104,223 VPD)
Four (4) points of entry/exit to parcel with two (2) monument signs - a highly visible and accessible retail location
±12.14 acre property which incl. a pad outparcel development opportunity
225,749 residents (3-mi) with an average $113,137 annual HH income - a dense and highly affluent community
Only ±6 minutes from Teterboro Airport, ±12 minutes from Meadowlands Sports Complex (MetLife Stadium, The American Dream), and ±14 minutes from Manhattan
See website for more information: https://walsethinvestment.com/home-depot-lodi%2C-nj
Broker of Record:
Brian Brockman
NJ 02154562
Bang Realty - New Jersey, Inc
P.O. Box 19622 Cincinnati, OH 45219
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
132,003 SF
Building Class
B
Year Built
1998
Price
$67,250,000
Price Per SF
$509
Cap Rate
6.01%
NOI
$4,041,725
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
12.14 AC
Opportunity Zone
Yes
Zoning
Commercial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $15,666,000 | |
| Land Assessment | $8,558,600 | Total Assessment | $24,224,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,558,600
Improvements Assessment
$15,666,000
Total Assessment
$24,224,600
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Michael Walseth - Walseth Investment Company
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Home Depot | 99 State Route 17 N
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