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Dickey's Barbeque Pit

1858 Burlington Mount Holly Road, Westamton NJ 08060

$1,289,000

Cap Rate 6.50%

Views: 95 DOM: 182 Updated: 09.13.24 Posted: 03.21.24 Status: Active

Summary

Price $1,289,000
Built/Renov 1980
Tenant Dickey's Barbeque Pit
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,858
Lease Start 10-09-2022
#Units 550
Price/SF $451.01
Expiration 10-08-2037
Tenant Type Casual Dining
NOI $83,813
R. Term 13.0
Ownership Fee Simple
Rent/SF $29.33
Increases 8.0%/3/yrs
Pop 5Mi 97,093
Lot/AC 0.86
Options 2/5yrs/8%
AHHI 5Mi $127,269

Eric Carlton
Colliers NNN Group
Contact

Jereme Snyder
Colliers NNN Group
Contact

Lease Highlights

  • Dickey's Barbeque Pit has 12+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dickey's Barbecue Pit is strategically located on Burlington-Mount Holly Road, with access to 28,300 vehicles passing by daily. The property is conveniently situated near the intersection with Woodland Road, which sees a traffic count of 20,600 VPD. Nearby national tenants include McDonald’s, Dunkin’, Popeyes, ACME Markets, CVS, Wawa, and more. The 5-mile trade area is supported by a...

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Key Features

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Over 500 units backed

    • ...

Links

Dickey's Barbeque Pit Wikipedia Dickey's Barbeque Pit Wikipedia Westampton, New Jersey Zip Code 08060 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dickey's Barbeque Pit
  • Guarantor:Corporate
  • Company:Dickey’s Capital Group
  • # Units:550
  • Stock:Private

About Tenant

Dickey's Barbecue Pit is a fast-casual restaurant franchise that serves beef brisket, pulled pork, pork ribs, Polish sausage, spicy cheddar sausage, hot link, and chicken. The restaurant chain...


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Listing Broker

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