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442 Elizabeth Ave
Somerset, NJ 08873

$3,619,048 USD

Auto Repair For Sale  •  5,269 SF

Property Details

• Property Type Auto Repair
• Total Building Size 5,269 SF
• Lot Size 1.02 AC
• Building Class C
• Year Built 1988
• Cap Rate 5.25 %
• Zoning M1

0 Transit Score

49 Walk Score

Highlights

Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities

Approximately 18 Years Remaining

Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)

Cap Rate:

5.25 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Bound Brook (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit))	6 min	-	2.4 mi
Bridgewater (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit))	9 min	-	3.6 mi
Airport	Drive	Walk	Distance
Newark Liberty International	44 min	-	33.5 mi
Trenton Mercer	53 min	-	33.6 mi