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Available For Sale - Retail

2,800 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,800 SF
Price/SF
Show Pricing $
Listing ID
SA427222
Notes
The Iacono Team at Marcus and Millichap is pleased to exclusively present a new construction 7-Eleven in Neptune, NJ. Expected delivery is September 1, 2020. The investment is subject to a twelve-year triple net lease with three five-year options. The lease is backed by 7-Eleven corporate, which has an investment grade S&P rating of AA-.  There are 8% increases throughout the base term and options. 



The subject property is located on a hard corner signalized intersection with excellent visibility. The area is heavily trafficked with more than 18,870 vehicles per day. National retailers in the area include Popeye’s, ALDI, Dunkin’ Donuts, AutoZone, McDonald’s Taco Bell and many more. Additional traffic drivers include Neptune High School and Neptune Middle School which have more than 2,700 students. Hackensack Meridian Health Jersey Shore Medical Center, a 646-bed facility, is located approximately 1.2 miles away. The Hackensack Meridian Jersey Shore University Medical Center is an award-winning hospital throughout the New York City metropolitan area and a national basis. The area is densely populated with more than 128,000 people residing within five miles. 



7-Eleven is an American-Japanese international chain of convenience stores. They are the world’s largest operator franchisor, and licensor of convenience stores with more than 68,000 locations across 17 countries. Founded in 1927, 7-Eleven was the pioneer of the convenience concept and was the first convenience store to sell gas and use ATM services. The company’s most iconic products include the Slurpee, Big Gulp soft drinks, and fresh-made coffee. Their product mix is always evolving to better serve their customers.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Karly Iacono, Marcus and Millichap