January 10, 2023 – Robert DiFranco and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of 430-446 N Wood Avenue in Linden, New Jersey. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,700,000.
The Properties are comprised of a single tenant, free-standing Dairy Queen, a three tenant in-line retail building and a two tenant in-line retail building. The Properties contain a total of 13,090 square feet of gross leasable area on a combined 0.73-acres of land. The Properties are 100% leased to a complimentary mix of six (6) local tenants that serve the needs of the local residents. The highly visible Property is strategically located along at the signalized intersection of Elm Street and N Wood Avenue. The Properties enjoy outstanding visibility and frontage along N Wood Avenue and are surrounded by national retailers, and densely populated residential neighborhoods. The Properties are 0.3-miles from the Linden Train Station with service to Manhattan’s Penn Station on the North Jersey Coast Line and the Northeast Corridor Line, 0.7-miles from the Linden High School, and 0.8-miles from West Edgar Road (US Route 1 & US Route 9) the area’s primary retail and commercial thoroughfare. The Properties are 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 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.