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Chick-fil-A | 15+yrs Corp Abs NNN Grd Lse 7416 Tonnelle Ave 4,277 sq ft Retail Property North Bergen, NJ 07047 £3,658,095 (£855.29/sq ft) 4.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 15+ Years Remaining | Scheduled Rental Increases | Rare New Jersey Retail Opportunity | Established Brand
- Signalized Hard Corner Intersection | Interstate 95 | Excellent Visibility | Multiple Points of Access
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Directly Next to Wawa | Dense Retail Corridor | Across From Target & Lowe’s Anchored Center
EXECUTIVE SUMMARY
• The lease features a 12.5% rental increase in Year 11, a 10% increase in year 16 and 10% increases at the beginning of each option period
• The lease features a corporate guaranty from Chick-fil-A, Inc., a private corporation with more than 3,228 locations under operation nationwide
• Chick-fil-A, in its annual FDD, revealed it generated $22.7 billion in U.S. systemwide sales in 2024
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
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- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Whether greeting at the drive-thru or making a meal inside the restaurant, Chick-fil-A® Team Members strive to serve up memorable experiences for each and every guest. And they hope that dining with them inspires people to spread that sense of warmth to others, too. Eating on the go can be a challenge, but they want to help. From hand-breading the chicken for their classic sandwiches to sourcing fresh produce for their salads and fruit cups, quality food has always been a top priority. They believe in delivering great fast food every day (except Sundays). Their founder, S. Truett Cathy, made the decision to close on Sundays in 1946. He knew what it was like to work seven days a week in restaurants, so he saw the importance of letting his employees set aside one day to rest and worship if they choose. That’s a practice they still uphold today.
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
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Chick-fil-A | 15+yrs Corp Abs NNN Grd Lse | 7416 Tonnelle Ave
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