QuickChek Ground Lease

Phillipsburg
,
NJ
New Jersey

Call for Details

$

4,867,000

Call for Details
5.65
%
CAP Rate
FILE PHOTO

70 Miles from NYC

& 79 Miles from Philadelphia

51,141 AADT

Prominent Retail Location Along Memorial Parkway on the “Going to Work” Side for Commuters

113,416

Population within 5 Miles of Site

Property details
  1. Brand New 20 Year Absolute NNN Ground Lease
    • Scheduled 8% Rental Escalations every 5 Years
    • No Landlord Maintenance Responsibilities
  2. Murphy USA Acquired QuickChek in 2021 for $645 Million
    • Established Convenience Store Brand with 160+ Locations and Strong Regional Reputation
  3. Prominent Retail Location Along Memorial Parkway (51,141 AADT)
    • Phillipsburg’s Main Thoroughfare Linking City to Allentown
  4. Robust Demographics within 5 Mile Radius
    • Average Household Income of $109,147
    • Population of 113,416
  5. Situated within Robust Retail Corridor Neighboring Numerous Shopping Centers and Major Employers
    • Nearby Anchor Tenants include Target, Walmart Supercenter, ALDI, Stop & Shop, and More
  6. On the “Going to Work” Side of U.S. Route 22 for Commuters Working in Easton and Allentown
  7. Central Location Approximately 70 Miles from New York City and 79 Miles from Philadelphia
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
NJ RE Lic #1974375
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
5,670
SF
Lot Size
2.33
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
NJ RE Lic #1974375