1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

171 Bloomfield Ave
Bloomfield, NJ 07003

$2,221,943 USD

Auto Repair For Sale  •  6,000 SF

Property Details

• Property Type Auto Repair
• Total Building Size 6,000 SF
• Lot Size 0.57 AC
• Building Class C
• Year Built 2021
• Cap Rate 5.25 %
• Tenancy Single
• Zoning B-2

0 Transit Score

84 Walk Score

Highlights

This property may be purchased individually or as part of a five-property portfolio.

10 Years of Term Remaining backed by AutoZone (S&P: BBB).

Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities.

10% increase in 2030, plus three (3), five-year renewal options with additional 10% escalations.

New 2020 construction on a 0.57-acre lot.

Over 20,000 VPD pass this store at the corner of Bloomfield Ave and Berkeley Ave.

Cap Rate:

5.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Autozone	6,000 SF	10/2/2035

Public Transportation

Commuter Rail	Drive	Walk	Distance
Watsessing Avenue (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit))	1 min	11 min	0.5 mi
Bloomfield (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit))	2 min	-	1.1 mi
Transit/Subway	Drive	Walk	Distance
Grove Street (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail))	1 min	5 min	0.3 mi
Silver Lake (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail))	2 min	15 min	0.8 mi
Davenport Avenue (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail))	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	15 min	-	8.9 mi
LaGuardia	44 min	-	29.0 mi
John F Kennedy International	53 min	-	34.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes