7-Eleven - Bradley Beach, NJ

Asset Type

Retail

Address
415 Main St Bradley Beach, NJ United States 07720-1007
Asking Price

S$2,254,000

Sq Footage

2,385

Year Built

2012

Cap Rate

5.50%

Additional Attributes
Current / Passing Rent S$123,900
Escalations 9% Every 5 Years
Lease Expiration 2027-11-30
Lease Type NNN
Options 4 x 5 Years
Rent Commencement 2012-12-01
Tenant 7‑Eleven Inc

Property Description

JLL is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant 7-Eleven convenience store (the “Property”) located in Bradley Beach, New Jersey. 7-Eleven, Inc. (the “Tenant”) is the world’s largest convenience store chain with over 68,000 locations worldwide. The Property is the only food retailer in the Bradley Beach township and essential to the local market. 


Located along the township’s main retail drag six blocks from the Jersey Shore coastline, the 

Property captures sales from beachgoers and township residents alike. The Property’s location along major bus routes and adjacent to the historic Bradley Beach Train Station ensures heavy foot traffic in the area. A part of Monmouth County, Bradley Beach represents a strong retail market. With over 8 years remaining on a triple net (“NNN”) lease, nine percent increases every five years, and four, five-year options for renewal, investors will secure appreciating, long-term cash flows from an established tenant.

Investment Highlights

  • Investment-grade tenancy (S&P: AA-)
  • Absolute NNN lease with 8 years of remaining term
  • Modern construction and strategic beach town location
  • Affluent demographic base within the NYC MSA
  • Consumer-facing location proximate to major bus routes and Bradley Beach Train Station
Listing Contacts
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
Marta Villa
Marta Villa
SVP, Brokerage
+65 3159 4021
1538339
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