Neptune Township, NJ - 7-Eleven

Description:

• The tenant recently extended its lease through December 31, 2036, providing over 10 years of remaining term and demonstrating its long-term commitment to a location it has operated since 2002
• The lease features a 10% rental increase in January 2032 and at the start of each of four (4) 5-year options, growing NOI and providing a hedge against inflation
• The lease is signed by 7-Eleven, Inc., an investment-grade tenant (S&P: A-) with more than 12,000 stores across the U.S. and Canada

• The property is directly adjacent to Jumping Brook Shopping Center, a neighborhood center featuring Dollar Tree, Dunkin’, and several local tenants, promoting cross-shopping and consistent consumer traffic at the intersection
• The trade area is anchored by major retail destinations, including Seaview Square Shopping Center (7M annual visits) and Jersey Shore Premium Outlets (3.3M annual visits), drawing shoppers from across the region and driving traffic along the area’s main corridors

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Listing ID: a28TP000003fQw5YAE