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584-594 Springfield Ave
Newark, NJ 07103 West Side

 

Service Station For Sale  •  800 Sq Ft

Property Details

  • Property Type Service Station
  • Total Building Size 800 Sq Ft
  • Lot Size 0.47 ac
  • Building Class B
  • Year Built 1997
  • Tenancy Single
62 Transit Score
83 Walk Score

Description

BP gas stations and convenience store being sold subject to a NN Lease.  Tenant is an eight store operator with personal guarantee. Tenant operating store since 2011 and has invested in the property. Landlord is advised by the operator/tenant that gasoline sales are approximately 780,000 gallons per year at $.50/gallon margin and that inside store sales (excluding lottery tickets sales) are approximately $580,000 per year.  NN lease details available on the auction website. NRC Realty Advisors of New Jersey, LLC, license #0897521

Highlights

NN Leased. Tenant is an eight store operator with personal guarantee
7% Rent Escalation in March 2021

Public Transportation

Commuter RailDriveWalkDistance
East Orange Commuter Rail (Morris & Essex Morristown Line, Morris & Essex Gladstone Branch) 6 min - 2.8 mi
Newark Airport Commuter Rail (Northeast Corridor, North Jersey Coast Lines) 11 min - 4.3 mi
AirportDriveWalkDistance
Newark Liberty International Airport 19 min - 5.9 mi
La Guardia Airport 37 min - 24.5 mi
John F. Kennedy International Airport 46 min - 27.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Ian Walker 312-278-6800 NRC Realty & Capital Advisors, LLC
Ian Walker 312-278-6800 NRC Realty & Capital Advisors, LLC