List Search

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 RailDriveWalkDistance
Watsessing Avenue (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 2 min 13 min 0.5 mi
Bloomfield (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 3 min - 1.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC