68 US 46 Mountain Lakes — Sale in Mountain Lakes, NJ

  • Price: $2.3M
  • Listing type: For sale
  • Asset type: Business
  • Location: Mountain Lakes, NJ 07046
  • Size: 5,533 SF

Investment Figures

Price per square foot
$407
Price per unit
$2,250,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

FOR SALE: NNN Investment Property – 68 US Highway 46, Mountain Lakes, NJ Asking Price: $2,675,000 Discover a prime passive investment opportunity along one of Morris County’s most heavily traveled corridors — Route 46 in Mountain Lakes, NJ . This income-generating property features a fully operational car wash under a 30-year NNN (Triple Net) lease with a total lease value exceeding $6 million , offering exceptional stability and long-term returns . The corporate tenant is actively renovating the property , investing approximately $1 million in building upgrades and new equipment , all while continuing rent payments. With all operating expenses, maintenance, and taxes paid by the tenant , ownership is truly hands-off and hassle-free . Situated on a high-visibility retail corridor , this property spans approximately 5,533 SF and provides excellent access, traffic exposure, and long-term value appreciation. This is a rare opportunity to acquire a secure, long-term NNN asset in a thriving suburban market with strong credit tenancy and zero landlord obligations. Property Overview Address: 68 US Highway 46, Mountain Lakes, NJ Asset Type: NNN Retail Investment (Car Wash) Asking Price: $2,675,000 Building Size: ±5,533 SF Lot Size: To be verified (ample on-site area for operations) Lease Type: 30-Year NNN (Triple Net) Lease Value: Approx. $6,000,000 total Tenant Type: Corporate tenant – active operator Condition: Operational; tenant-funded renovation in progress Tenant Overview: Corporate tenant with established operations Committed long-term occupancy (30-year lease) Currently investing ~$1 million into property and equipment upgrades Pays all expenses including taxes, insurance, and maintenance Investment Highlights: Hands-Free Ownership: True NNN structure with zero landlord responsibility Long-Term Income: $6M lease commitment ensures predictable returns Capital Improvement Bonus: Tenant’s $1M renovation enhances property value Prime Location: High-traffic Route 46 cor

Market Context

This commercial property in Mountain Lakes, NJ is listed for sale at $2,250,000 across 5,533 SF ($407/SF). It has been on the market for 70 days. Compare it against other commercial property listings for sale in Mountain Lakes, NJ — view the full market.

Contact

Explore this market

Similar Business for Sale in Mountain Lakes, NJ