Ashley Homestore | Green Brook, NJ

Other Retail / Posted 3 months ago by Brian Brisky, Brisky Net Lease / 94 views

  • Price : $7,500,000
  • Cap Rate : 8.37%
  • Net Operating Income : $627,407
  • Tenant : Ashley Homestore
  • Lease Type : Absolute NNN
  • Lease Term Remaining (Years) : 12
  • Building Size (SF) : 30,000
  • Land Area (Acres) : 2.163
  • Year Built : Year Built: 1956 | Year Renovated: 2014

Great investment opportunity in the large trade area of Green Brook, NJ. This Ashley HomeStore is strategically located along US Highway 22, which is a main retail corridor and provides excellent exposure to over 46,000+ vehicles per day. This property offers investors an opportunity to invest in a single tenant net lease property in a thriving industry. The furniture industry has seen a big boost due to Covid-19, as people are spending more time at home and are looking to improve their homes or make them more functional for work, school, etc.

Ashley HomeStore is the number one furniture retailer in North America with more than 1,000 locations worldwide. This Ashley HomeStore is operated by Regency Furniture of Laurel, Inc. who operates approximately 48 retail locations throughout Maryland, Virginia, Pennsylvania, New Jersey, New York and Delaware, they operate 29 locations as Ashley HomeStore. The long-term lease offers a competitive yield, with no landlord responsibilities and rental escalations.

Green Brook is a vibrant community located in Northern New Jersey and is in close proximity to large metropolitan areas. The market has excellent demographics with a population of 750,000+, a median household income of $103,000+ and median home value of $400,000+ within a 10-mile radius of the store. Conveniently located 35 miles southwest of New York City, Green Brook balances metropolitan conveniences with a suburban feel.

Broker of Record: Brian Brockman, Bang Realty New Jersey-Inc. License # 2078547

Highlights:

  • Great Location in a Dense Retail Corridor
  • Excellent Demographics
  • Located within the New York Metropolitan Area – 35 Miles from New York City
  • Excellent Visibility & Traffic Counts Exceeding 46K

350 US Highway 22Green Brook,New Jersey,08812

Brian Brisky
Brisky Net Lease

612-413-4200

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