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.