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Updated: 04.15.24 Posted: 02.06.24 Status: Sold 01.25.24

Summary

Price $707,000 $725,000
Built/Renov 1988
Tenant Candor Auto Sales
Cap Rate 7.47% 7.28%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,860
Lease Start 09-01-2016
#Units 1
Price/SF $380.11 $389.78
Expiration 08-31-2026
Tenant Type Automotive
NOI $52,800
R. Term 1.2
Ownership Fee Simple
Rent/SF $28.39
Increases 10.0%/2/yrs
Pop 5Mi 127,057
Lot/AC 0.65
Options 1/5yrs/10%
AHHI 5Mi $112,540

Highlights

  • Candor Auto Sales has 2+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features a 10% rental increase at the start of the option period
  • Absolute NNN | Zero landlord responsibilities

  • Corporate guaranteed lease

Location Description

Candor Auto Sales is strategically located along State Highway 37, with access to 38,261 vehicles passing by daily. The property is positioned within a vibrant retail hub, and in the nearby vicinity, there are prominent national retailers, including Playa Bowls, Rite Aid, Domino's, Wawa, Wendy's, and Stop & Shop. The 5-mile trade area is supported by a population of 127,057 with an average...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Candor Auto Sales
  • Guarantor:Corporate
  • Company:Candor Auto Sales
  • # Units:1
  • Stock:Private

About Tenant

Candor Auto Sales is a neighborhood dealer of quality used cars offering like-new, well-maintained vehicles for all types of shoppers and budgets. The company offers an extensive inventory of...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,400 48,718 119,506
2023 Total Population : 9,034 47,881 115,396
2023 Employed Civilian Pop : 3,721 17,611 47,127
2023 Total Businesses : 174 1,150 3,588
2023 Average Household Income : $ 90,528 $ 84,637 $ 94,264
2023 Total Consumer Spending : $ 320 M $ 1757 M $ 4172 M
2023 Median Age : 54 67 60
2023 Total Households : 4,088 23,985 51,413
2023 Pop Age 25+: Bachelor's Degree : 1,309 6,802 17,735
2023 Average Home Value : $ 342,049 $ 330,878 $ 355,252
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northampton Blvd East Point Dr 2003 30,700 0.07 mi
Northampton Blvd Executive Dr 2003 1,790 0.12 mi
State Route 37 Lakehurst Rd 2018 27,001 0.14 mi
Lakehurst Rd Industrial WayS 2018 35,523 0.20 mi
1st Ave Larchmont St 2012 1,673 0.42 mi
Lakehurst Rd Bimini Dr 2005 31,820 0.45 mi
Northampton Boulevard 7th Ave 2018 1,863 0.53 mi
Lakehurst Road Bimini Dr 2017 35,954 0.56 mi
Bimini Dr Biabou Dr 2005 4,780 0.62 mi
Northampton Boulevard 9th Ave 2017 1,976 0.64 mi

Listing Broker

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