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Spark Car Wash

Ledgewood, New Jersey

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About the Investment:

✓ Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 20 Years of NNN Term
Remain | Zero Landlord Responsibilities
✓ Extremely Strong Store Opening | Set a Single Day Record for Most Car Washes
Upon Opening
✓ Located One-Mile Away from The Shops at Ledgewood Commons | Approximately
22 National Stores With Several Anchor Tenants | Walmart, Home Depot, Kohl’s,
Marshalls, Old Navy, Burlington and a Few More
✓ 2.00% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New
Jersey Market
✓ High Exposure Location| Route 46 and Interstate 80 | 45,300 and 92,500 Vehicles
Per Day, Respectively
✓ Ideal Consumer Base for Vehicle Repair Services that Spark Offers
✓ Average Household Income of Over $142,000

Key Details

Price:
$6,539,714
Cap Rate:
7.00%
Annual Rent:
$457,780
Address:
1425 US Route 46, Ledgewood, New Jersey 07852
Property Type:
Net Leased Car Wash
Lease Type:
Triple Net (NNN)

Original Lease Term:
21 Years
Lease Commencement:
April 15, 2023
Lease Expiration:
April 15, 2044
Lease Term Remaining:
20+ Years
Lot Size:
0.61 Acres
Building Size:
6 SF
Year Renovated:
2023
Tenant:
Spark Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-New Jersey, Inc

License: 2078547


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