Jiffy Lube

  • $1,885,000
342 S Broad St - Woodbury, NJ
For Sale

Jiffy Lube

342 S Broad St - Woodbury, NJ
  • $1,885,000

Property Highlights

  • 7+ Years Remaining on an Absolute Net Lease with Team Car Care Group (550+ Units)
  • Largest Jiffy Lube Operator in the Country | Formely known as Heartland Automotive 
  • Annual Increases of 2.5% Throughout the Base Term and Options Provides a Hedge Against Inflation
  • Average Return over the Remaining Term of the Lease is 7.25% at List Price
  • Long-Term Historical Occupancy | Location has Operated as Jiffy Lube for Nearly 30 Years
  • Average Household Income with 1 and 3-Miles | $93,765 & $96,825 Per Year 
  • Strategically Located Along Route 45 | Dense Residential and Retail Area | Positioned Near other National Brand Tenants such as McDonald’s, Aldi, Rite Aid, and T-Mobile
  • Less than 1-Mile from the New Jersey Turnpike | Major Thoroughfare Providing Access to Various Localities in New Jersey, Delaware, Pennsylvania, and New York

Broker of Record
Brian Hosey
(201) 742-6100
Lic #: 1434917

Details

  • Price: $1,885,000
  • Year Built: 1988/2018
  • Property Type: Single Tenant
  • Property Status: For Sale

Additional Details

  • Price/SF: $1,013.44
  • Cap Rate: 6.73%
  • Rentable Area: 1,860 SF
  • Lot Size: 0.55 AC
  • Parking Spaces: 10
  • Zoning : C1
  • APN/Parcel ID: 22 00106-0000-00002; Multiple APN’s
  • Cross Streets: S Broad St & Carpenter St
  • Address 342 S Broad St
  • City Woodbury
  • State/county New Jersey
  • Zip/Postal Code 08096

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