Hamilton, NJ - 7-Eleven

1850 Klockner Rd, Hamilton, NJ

$4,272,000

Price

5.15%

Cap Rate

$220,000

NOI

Gallery
Street
Map
Overview
Cap Rate
5.15%
NOI
$220,000
Building Size
3,200 sqft
Description

• 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by 7-Eleven, Inc., an investment grade (S&P: A), a globally recognized and established convenience store/gas operator (13,000+ U.S. sites)
• The lease features 8% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• 2023 construction will feature high-quality materials, high-level finishes, and distinct 7-Eleven design elements

• 7-Eleven is strategically located at the signalized, hard corner intersection of Klockner Road and White Horse Avenue averaging 37,000 VPD
• Within a 15-minute drive from Princeton University, a consistently ranked top 5 school in the nation
• 1 mile off I-295 (73,500 VPD), providing users with direct on/off ramp access to the site and surrounding trade area
• The surrounding residential developments will provide a direct consumer base from which to draw
• The nearby trade area is supported by national/credit retailers such as ALDI, ACME, ShopRite, Petco, and more
• The subject property has 6 bumps and 12 fueling stations

This listing was syndicated through:

Listing ID: a28TP000000EQQrYAO
Location
Gallery