Spark Car Wash
Mount Holly, NJ
Key Details
| Price: | $6,539,714 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $457,780 |
| Address: | 1659 New Jersey 38, Mount Holly, New Jersey 08060 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 21 Years |
|---|---|
| Lease Commencement: | 4/1/2023 |
| Lease Expiration: | 3/30/2044 |
| Lease Term Remaining: | 19.4 Years |
| Rental Increases: | 2.00% Annually Starting Year 7 |
| Lot Size: | 1.76 Acres |
| Building Size: | 6,200 SF |
| Year Built: | 1970 |
NNN Pro is pleased to present the exclusive listing for a Spark Car Wash located at 1659 New Jersey 38, Mount Holly, New Jersey 08060. The site consists of roughly 6200 rentable square feet of building space on an estimated 1.76-acre parcel of land. This Spark Car Wash is subject to a 21-year Triple Net (NNN) lease, which commenced 4/1/2023. The current annual rent is $457,780 and has scheduled increases of 2.00% Annually Starting Year 7.
About the Investment
- Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 20 Years of NNN Term Remain | Zero Landlord Responsibilities
- Located Across from Lumberton Plaza Mall | Extremely High Visibility From Intersection
- Highly Exposure Location| Route 38 and Mount Holly Bypass| 38,900 and 37,100 Vehicles Per Day, Respectively
- Ideal Consumer Base for Vehicle Repair Services that Spark Offers | Average Household Income of Over $111,000
- 2% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New Jersey Market
Key Details
| Price: | $6,539,714 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $457,780 |
| Address: | 1659 New Jersey 38, Mount Holly, New Jersey 08060 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 21 Years |
|---|---|
| Lease Commencement: | 4/1/2023 |
| Lease Expiration: | 3/30/2044 |
| Lease Term Remaining: | 19.4 Years |
| Rental Increases: | 2.00% Annually Starting Year 7 |
| Lot Size: | 1.76 Acres |
| Building Size: | 6,200 SF |
| Year Built: | 1970 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Broker of Record
Brian Brockman
Bang Realty-New Jersey, Inc
License: 2078547
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.