3115 State Route 35
3,229 SF Retail Building Hazlet, NJ 07730 $2,293,216 CAD ($710.19 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Highway location, across from McDonalds and Shop-rite, next to Starbucks, Panera Bread, Wawa and Lidl and other major retailers.
- NNN leased property
EXECUTIVE SUMMARY
NNN leased to a mexican restaurant that will be opening soon! CAP rate is 6%. The operator has done extensive updates and new restaurant equipment, grease trap, hood, furniture and fixtures, windows, parking lot upgrades, exterior upgrades, lighting and landscaping. Owner has put in new HVAC, roof and other updates. Restaurant operator is financially strong and has given personal guarantees. 10 year lease with increases.
Excellent highway location across from McDonalds and Shop-rite. Neighboring new retailers include Wawa, Starbucks, Panera Bread, Lidl, Burlington, Planet Fitness, Aldi, Aspen Dental, Noches Di Columbia and much much more. Other major retailers include Costco, Home Depot, Pepboys, Dunkin, Stop and Shop, Staples etc.
Excellent highway location across from McDonalds and Shop-rite. Neighboring new retailers include Wawa, Starbucks, Panera Bread, Lidl, Burlington, Planet Fitness, Aldi, Aspen Dental, Noches Di Columbia and much much more. Other major retailers include Costco, Home Depot, Pepboys, Dunkin, Stop and Shop, Staples etc.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,229 SF
Building Class
C
Year Built/Renovated
1935/2000
Price
$2,293,216 CAD
Price Per SF
$710.19 CAD
Cap Rate
6%
NOI
$137,593 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.64 AC
Zoning
BH - Highway business, all business uses permitted, current use is a Mexican restaurant with outdoor seating.
Parking
24 Spaces (7.43 Spaces per 1,000 SF Leased)
Frontage
100’ on State Route 35
AMENITIES
- Drive Thru
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-00182-0000-00010 | Improvements Assessment | $230,822 CAD (2024) |
| Land Assessment | $796,193 CAD (2024) | Total Assessment | $1,027,015 CAD (2024) |
CONTACT
-
Kal Ganesan - Kal Ganesan
