We are happy to announce a recent closing of a Single-Tenant Burger King investment located in New Jersey! AGM Net Lease New York office was engaged to assist in coordinating and structuring a timely 1031 Tax-Deferred Exchange, with the goal of replacing a successful multi-family investment in North New Jersey, for a less-management intensive but equally successful investment in the same state.

The Deal

The asset we sourced thru our efforts was an existing Burger King in Pleasantville, NJ which has operated on the site for over 15 years. Property was sitting on a signalized intersection, with over 1.2 AC of land parcel, and offered a 20-year lease in-place, along with 10% bumps every 5 years throughout the life of the lease. More importantly, the tenant was an experienced operator with very strong historical sales, giving us further confidence in the investment.
 
For more information about this transaction and the upcoming opportunities in New Jersey market, please contact Bosko Stankovic at 646.416.2042 (bosko@zebraca.com).