October 18, 2022 – Michael Lombardi, David McLaughlin and Robert DiFranco of Horvath & Tremblay have successfully completed the sale of a Taco Bell in Roselle, New Jersey. Horvath & Tremblay represented the seller and procured the buyer, to complete the transaction at a sale price of $3,855,000.
Taco Bell is located at 133 Saint George Avenue in Roselle, New Jersey. The stand-alone building consists of 2,108 square feet and sits on a 1.25-acre lot with a drive-thru. Taco Bell has 18+ years remaining on their Absolute NNN lease with four, five-year renewal options. The lease calls for an attractive 10% rent increases every five years throughout the base term and at the start of each option period. The Property is extremely well located along E S. Georges Avenue (NJ Route 27), one of the area’s primary commercial and commuter corridors. Taco Bell enjoys outstanding visibility, frontage, and access and is surrounded by national retailers, and densely populated residential neighborhoods. The Property is within 1-mile of five area schools, and the Linden Train Station. The Property is approximately 3-miles from the junction of Interstate 95 (New Jersey Turnpike) & Interstate 278 (Staten Island Expressway).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.