600 Irick Road

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600 Irick Road

Burlington Township, NJ 08016
Asking Price
$1.67M
Cap Rate
6%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Retail | 6.00% | 1,720 SqFt <p><strong>NEW CONSTRUCTION: </strong>The new construction building is set to be completed in 2026; Take 5 Oil Change will operate under a 15-year Absolute NNN Ground Lease with four (4), 5-year renewal options.​</p><p></p><p><strong>ATTRACTIVE RENT INCREASES:</strong> The Take 5 Oil Change lease calls for attractive 10% rent increases every five years throughout the primary lease term and renewal options, providing the investor with an attractive increase in revenue and hedge against inflation.

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NOI
$80,000
Cap Rate
4.80%
DSCR
0.81
Underwater
Cash-on-Cash
-3.79%
Monthly Payment
$8,245.759
Annual Cash Flow
$-18,949.107

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