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7408 Tonnelle Ave
North Bergen, NJ 07047

$10,490,060 USD

Freestanding For Sale  •  5,051 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,051 SF
  • Lot Size 1.33 AC
  • Building Class B
  • Year Built 2022
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
71 Walk Score

Highlights

17+ Year NNN Ground Lease Featuring a 15.24% Rental Increase in 2032 and 10% Increase Every 5-Years Thereafter throughout the Initial Term & Options.
Wawa is one of the Largest Convenience Store Chains in the United States with 1,000+ Locations and Serving more than 800 Million People Annually.
Extremely Dense and Affluent Area w/ over 1.66M People Residing w/in a 5-Mile Radius - Average Household Income of $134k+ w/in a 3-Mile Radius.
Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 35k Vehicles.
In Close Proximity to MetLife Stadium - Home of the New York Giants and the New York Jets.
Located in one of the World’s Most Competitive and Highly Sought after Metros - The Site is in a Dense, Mixed-use, In-fill location.
Cap Rate: 5.00 %

Public Transportation

Commuter RailDriveWalkDistance
Ny Moynihan Train Hall At Penn Station (Crescent - Amtrak, Ethan Allen Express - Amtrak, Keystone Service - Amtrak, Lake Shore Limited - Amtrak, Northeast Regional - Amtrak) 16 min - 6.2 mi
Meadowlands Sports Complex Station (BetMGM Meadowlands Rail Line - NJ TRANSIT RAIL) 10 min - 6.5 mi
AirportDriveWalkDistance
Newark Liberty International 15 min - 12.5 mi
Laguardia 29 min - 16.8 mi
John F Kennedy International 40 min - 27.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 44
Type: Surface
Included in Rent: Yes
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap