Dickey's Barbeque Pit

1858 Burlington Mount Holly Road, Westamton NJ 08060

$1,289,000

Cap Rate 6.50%

Views: 105 Updated: 09.13.24 Posted: 03.21.24 Status: Inactive 10.07.24

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 12.10	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

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

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Links

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

Maps

Local Information

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

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23791 Views
62 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
22159 Views
58 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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