Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Springfield, NJ
  • Size: 4,000 SF

Photos

Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 1 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 2 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 3 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 4 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 5 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 6 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 7 of 8
Chipotle & Solidcore - Springfield, NJ — Sale in Springfield, NJ, photo 8 of 8

Investment Figures

Cap rate
6.15%

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

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the two-tenant Chipotle / [solidcore] at 697 Morris Turnpike in Springfield, New Jersey ("Property" or "Asset"). The Property is operating on a NN lease with ±13.5 years of weighted average lease term, with recently secured early lease extensions at both sites, underscoring long-term tenant commitment. This unique opportunity allows investors the ability to acquire a stabilized, long-term, low-management asset in one of New Jersey's most highly coveted trade areas.

Market Context

This retail in Springfield, NJ is listed for sale across 4,000 SF. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Springfield, NJ — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in New Jersey