Description

Redevelopment opportunity with remaining lease obligations providing runway to reposition the property. The asset is secured by an absolute net lease with 2.9 years remaining and sits at a signalized hard corner along US Highway 202, which sees approximately 33,968 vehicles per day. The prime 2.25-acre corner site offers extensive frontage on three streets and is located within an affluent trade area boasting an average household income of $177,809 within a five-mile radius. The property benefits from a strong surrounding population of more than 165,000 residents within 10 miles and features attractive brick construction with a multi-lane drive-thru. Strategically positioned in Central New Jersey between the New York City and Philadelphia metropolitan area