June 15, 2021 – Rob DiFranco and Mike Lombardi of Horvath & Tremblay have successfully completed the sale of McDonald’s in Linden, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,125,000, a 3.84% cap rate.
McDonald’s is located at 107 West Edgar Road in Linden, New Jersey. McDonald’s signed a new 20-year lease for the property that commenced in 2016. The absolute NNN ground lease has 15+ years of term remaining plus four (4), 5-year renewal options. The lease calls for 8% rent increases every five years throughout the base term and 10% rent increases in the renewal options. McDonald’s recently renovated the property to reflect their new modern design. The building received a new façade, interior renovation and updated landscaping and parking. McDonald’s is situated on a corner lot along West Edgar Road (US Route 1 & US Route 9), the area’s primary retail and commercial thoroughfare. The Property is approximately 2.5-miles from the junction of Interstate 95 (New Jersey Turnpike) & Interstate 278 (Staten Island Expressway), and is ¾-mile from Linden Station with service to Manhattan (Penn Station) on the North Jersey Coast Line and the Northeast Corridor Line.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.