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FOR SALE Quickchek 918 Route 517 Hackettstown, NJ

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FOR SALE Quickchek 918 Route 517 Hackettstown, NJ OFFERED FOR SALE QuickChek 918 Route 517 Hackettstown, NJ Bill Howard Managing Director O: 732.837.2999 M: 908.612.8931 [email protected] Tyler Bennett President O: 732.837.4153 M: 908.770.6778 [email protected] Asset Summary Annual Rent $181,958.40 Rent/Month $15,163.20 Rentable Square Feet +/- 4,000 SF Land Area 1.836 acres Tenant Quick Chek Food Stores Guarantor Corporate Ownership Type Fee Simple Lease Type Ground Lease Landlord Responsibilities None Store Opened 10/13/2005 Lease Term Remaining 6.7 Years Rent Commencement 9/1/2005 Lease Expiration 8/31/2025 Increases 8% Every 5 Years Options Four (4), Five (5) Year Investment Highlights Rent Schedule • 6+ years remaining on lease Term Increases Annual Rent Monthly Rent • Rent increases every 5 years on primary term and option periods 9/1/2015 - 8/31/2020 8% $181,958.40 $15,163.20 • Tenant responsible for all government filings, repairs, utilities, and property taxes 9/1/2020 - 8/31/2025 8% $196,515.07 $16,376.26 • Situated at a signalized intersection with traffic counts in excess of 9/1/2025 - 8/31/2030* 8% $212,236.27 $17,686.36 14,000 AADT 9/1/2030 - 8/31/2035* 8% $229,215.17 $19,101.26 • Less than one mile from the Mars Wrigley Confectionery U.S. headquarters and Hackettstown Medical Center 9/1/2035 - 8/31/2040* 8% $247,552.38 $20,629.37 • Daytime population in excess of 40,000 people in a five mile 9/1/2040 - 8/31/2045* 8% $267,356.57 $22,279.71 radius * Option Period • Average Household Income in excess of $113,000 in a five mile radius 2 About QuickChek QuickChek is a New Jersey based corporation established in 1967 that operates more than 149 convenience stores in New York and New Jersey. With approximately 4,000 employees, they are a major employer in the New York and New Jersey area. Many of the locations, including the one currently for sale in Hackettstown, NJ include gas station components in addition to the convenience store. QuickChek stores offer a one-stop shopping experience for everyday pantry needs, made to order sandwiches, wraps, and salads, fresh baked goods, specialty drinks, coffee, and more. The QuickChek name is synonymous with quality and helpful service in the New York and New Jersey markets. 3 Demographics - 3/5/7 Miles KEY FACTS EDUCATION KEY FACTS EDUCATION 48,97048,970 40.6 Population 40.6 6% Population 6% Median Age Median Age No High 26% NoSchool High 26% 2.6 DiplomaSchool Some College 2.6 $85,020 Diploma 26% Some College 41% $85,020 26% 41% Average Median Household High School Bachelor's/Grad/Prof HouseholdAverage Size MedianIncome Household HighGraduate School Bachelor's/Grad/ProfDegree Household Size Income Graduate Degree KEY FACTS EDUCATIONBUSINESS EMPLOYMENT BUSINESS EMPLOYMENT 72% 48,970 40.6 72% 6% White Collar Population White Collar 4.5% Median Age 16% 4.5% No High 16% 26% Blue Collar School Blue Collar 2.6 Diploma 1,675 Some College 20,228 Unemployment $85,020 1,67526% 20,22841% 12% UnemploymentRate Total Employees Rate Total Businesses Bachelor's/Grad/Prof 12% Average Median Household Total BusinessesHigh School Total Employees Services Household Size 3 Miles 5 MilesIncome 7 Miles Graduate Degree Services Population INCOME Households By Income Households By Income 2018 Population 25,502BUSINESS 48,970 77,217 EMPLOYMENTINCOME The largest group: $100,000 - $149,999 (17.8%) TheThe largestsmallest group: group: $100,000 $25,000 -- $149,999$34,999 (5.5%) (17.8%) 2018 Daytime Population 25,327 41,098 66,496 TheIndicator smallest group: $25,000 - $34,999Value (5.5%) Difference Indicator Value Difference 2018 Median Age 39.9 40.6 41.0 72% <$15,000 5.7% +1.2% <$15,000$15,000 - $24,999 5.7%5.9% +1.2%+1.5% White Collar Households $15,000$25,000 -- $24,999$34,999 5.9%5.5% +1.5%+1.3% $25,000$35,000 -- $34,999$49,999 5.5%9.9% +1.3%+3.0% 2018 Total Households 9,650 18,388 28,656 4.5% 16% $35,000$50,000 -- $49,999$74,999 9.9%16.1% +3.0%+3.6% 2018 Median Home Value $326,119 $353,308 $373,134 Blue Collar $50,000$75,000 -- $74,999$99,999 16.1%14.5% +3.6%+2.5% 1,675 20,228 Unemployment $75,000$100,000 - $99,999- $149,999 14.5%17.8% +2.5%-1.8% Median Household Income $85,020 $43,63312% $190,180Rate $100,000$150,000 -- $149,999$199,999 17.8%11.5% -1.8%-1.8% Total Businesses Total Employees $150,000 - $199,999 11.5% -1.8% 2018 Median HH Income $79,808 $85,020 $91,761 Services$85,020 $43,633 $190,180 $200,000+ 13.0% -9.5% Median Household Per Capita Income Median Net Worth $200,000+ 13.0% -9.5% Average Household Income MedianIncome Household Per Capita Income Median Net Worth INCOME HouseholdsIncome By Income 2018 Average HH Income $104,725 $113,649 $120,595 *5 Mile Radius Bars show deviation from The largest group: $100,000 - $149,999 (17.8%) Bars show deviation from 4 Morris County The smallest group: $25,000 - $34,999 (5.5%) Morris County Indicator Value Difference <$15,000 5.7% +1.2% $15,000 - $24,999 5.9% +1.5% $25,000 - $34,999 5.5% +1.3% $35,000 - $49,999 9.9% +3.0% $50,000 - $74,999 16.1% +3.6% $75,000 - $99,999 14.5% +2.5% $100,000 - $149,999 17.8% -1.8% $85,020 $43,633 $190,180 $150,000 - $199,999 11.5% -1.8% $200,000+ 13.0% -9.5% Median Household Per Capita Income Median Net Worth Income Bars show deviation from Morris County Market Overview Founded in 1853, Hackettstown is a 3.7 square mile town situated along the Musconetcong River in Warren County, New Jersey. It is located in the easternmost region of the Lehigh Valley with sweeping views of the region. The Highlands Trail, which extends from the Delaware River in New Jersey through New York to the Connecticut border, passes through Hackettstown just north of the Subject Property. The town has been home to the headquarters of Mars Wrigley Confectionery U.S. since 1958. Mars Wrigley employs approximately 1,000 associates at the headquarters location and produces candy bars such as Milky Way, M&Ms, Twix, and Snickers, along with pet foods, human food, and snacks. Hackettstown is also home to Centenary University, a private liberal arts college founded in 1867 with an enrollment of more than 2,400 students. Hackettstown is the western terminus of the NJ Transit Morristown line and the Montclair-Boonton line. Both provide service to Hoboken Terminal with connections to Pennsylvania Station in Midtown Manhattan via the Midtown Direct trains. 5 Site Plan Bilby Road Bilby Route 517 6 Hackettstown, NJ QuickChek 918 Route 517 Market Aerial Centenary University Manseld Village Square Manseld Commons Manseld Plaza Hackettstown High School 14,196 AADT 17, 300 AA DT Confectionery U.S. Mars Wrigley Headquarters Shoppes at Manseld DT 3 AA 16,21 Medical CenterHackettstown 1 Copyright nearmap 2015, Esri, HERE, Garmin, © OpenStreetMap contributors, and the GIS user 1 community 2 2 , , 37 37 0 0 A A A A D D T T 7 Bill Howard Tyler Bennett Managing Director President O: 732.837.2999 O: 732.837.4153 M: 908.612.8931 M: 908.770.6778 [email protected] [email protected] Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Bennett Realty & Development, and should not be made available to any other person or entity without the written consent of Bennett Realty & Development. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Bennett Realty & Development has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Bennett Realty & Development and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Bennett Realty & Development or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein..
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