May 11, 2022 – Brad Canova and Stephen Girolamo of Horvath & Tremblay have successfully completed the sale of an Exxon in Hamilton, New Jersey. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $4,150,000.
Exxon is located at 3217 Quakerbridge Road in Hamilton, New Jersey. Exxon has been at this location since it was constructed in 1990 and has 9+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease has a corporate guaranty from CrossAmerica Partners, LP, a publicly traded company that distributes branded gasoline to more than 1,300 locations and owns more than 1,000 sites. The lease features attractive 2% annual rent increases throughout the primary lease term and renewal options. The Property is positioned at the signalized intersection of Quakerbridge Road and Flock Road and is 1.5-miles from Interstate 295 in the northeast portion of Hamilton. The area is densely populated and is home to numerous national retailers and restaurants that drive traffic to the area.
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.