Asking Price
$2,280,000
Cap Rate
5.25%
Lot SF
15,725 SF (approx.)
Stories
1
Zoning
Fourth Ward Redevelopment Plan (RP-4W)
For sale
443-451 Broadway, Paterson, NJ, USA
Paterson, New Jersey
ABSOLUTE NNN LEASED TACO BELL
With Base Term Through 2034 & (5) Five-Year Option
- Freestanding
- New Development
- Pad Site/Drive-Thru
- Restaurant Permitted Use
- Street Retail
Key Details
Investment Highlights
- Single-Tenant Absolute NNN Lease - Zero Landlord Responsibilities
Tenant is responsible for real estate taxes, insurance, and all repairs & maintenance including roof, structure, sidewalk, parking area, landscaping, trash and lighting repairs. Truly passive investment - Experienced Operator with Strong Financials
Leased to Fiesta QSR, a franchisee of Taco Bell with over 15 locations across New York and New Jersey, one of the most recognized and creditworthy QSR brands in the U.S. - Long Term Lease with Multiple Options
The base lease term expires May 2034 with a 10% Increase in November 2029 and (5) five-year options at a 12% increases per option with potential income through 2059 - New Construction w. Drive-Through
Built in 2024 to modern Taco Bell specifications, including a drive-thru lane, ensuring long-term operational relevance - 300’+ of Frontage Along Broadway & East 18th Street
Brokers
Request Pricing / Contact
For sale
443-451 Broadway, Paterson, NJ, USA
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