Linden, NJ - Spark Car Wash

Description:

• The tenant recently signed a brand new 20-year lease with 10% rental increases every 5 years including during the 4 (5-year) options to extend
• Spark Car Wash, a high-tech, modern car wash chain founded in 2018, is led by a team of highly experienced car wash experts, clean freaks, and car lovers
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor

• Ideally situated as an outparcel to Legacy Square, a newly-constructed shopping center anchored by a 185,000 SF Walmart Supercenter
• The Walmart Supercenter is a relocation store and ranked by Placer.ai as the #1 Walmart in New Jersey and top 10 across the country
• Adjacent to Aviation Plaza, a 550,000 SF power center anchored by Target, The Home Depot, Marshalls, Old Navy, AMC, Staples, and more
• Legacy Square is a new 350,000 SF outdoor shopping center featuring Walmart Supercenter, LA Fitness, Wawa, Chick fil A, Panera, Starbucks, Taco Bell, Panda Express, One Dollar Zone, and more
• Other nearby national/credit tenants include TJ. Maxx, Aldi, Whole Foods, Ashley Furniture, Burlington, Joann Fabrics, and many more