June 23, 2022 – Rob DiFranco and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of Burger King in Woodbridge, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,014,375.
Burger King is located at 147 New Brunswick Avenue in Woodbridge, New Jersey. The stand-alone building consists of 3,400 square feet on a 0.82-acre parcel of land. In 2018 Burger King executed a long-term, 20-year Absolute NNN Ground Lease that currently has over 16 years of term remaining with three (3), 5-year renewal options, and in 2019 fully remodeled the building at their own expense. The lease features attractive rent increases every five years throughout the base term and option periods. Burger King is situated on an outparcel to a SuperFresh supermarket, at the intersection of New Brunswick Avenue and Pennsylvania Avenue. The location is just off of the Garden State Parkway and US Route 9, and benefits from its proximity to other major retailers, dense residential neighborhoods and extensive business and industrial operations in neighboring Keasbey and Edison. More than 19,400 vehicles pass by the Property per day at the nearby on/off ramp of the Garden State Parkway and US Route 9 to New Brunswick Avenue. The Garden State Parkway sees over 136,400 vehicles per day. The Property is down the street from the Hackensack Meridian Raritan Bay Medical Center, a 365-bed hospital. Woodbridge is 29 miles southwest of New York City.
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.