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4545 Us Highway 9
Howell, NJ 07731

$1,520,000 USD

Freestanding For Sale  •  7,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 7,000 SF
  • Lot Size 1.9 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning HD
0 Transit Score
65 Walk Score

Highlights

This property may be purchased individually or as part of a five-property portfolio.
7.5 years of term remaining backed by AutoZone’s corporate guarantee, the lease has a 5% increase in 2028 and 3 five-year renewal options.
Rare opportunity to acquire a 1.9-acre parcel with frontage on Route 9 at or below land value.
AutoZone is paying $79,800 annually on an Absolute Triple Net (NNN) Ground Lease, which is equivalent to only $11.40/SF.
High-visibility from Route 9 with over 34,000 VPD.
Over 61,182 population within 3 miles, with average household incomes of $137,073 and average home values exceeding $550,325.
Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Auto Zone 7,000 SF 5/31/2033
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC