Marcus inks sale of net-leased 7-Eleven property on Route 22
865 Route 22 in North Plainfield — Courtesy: Marcus & Millichap
By Joshua Burd
The site of a net-leased 7-Eleven store in North Plainfield has changed hands for nearly $1.7 million, according to a brokerage team with Marcus & Millichap.
In a news release, the firm said it represented a private entity in its sale of 865 Route 22. The property is home to both the convenience store and a franchisee training facility, Marcus said, adding that it has a below-market rent of $10.98 per square foot.
Investment specialists Alan Cafiero, Brent Hyldahl and Ben Sgambati completed the assignment, with Cafiero and Hyldahl also representing the buyer in the $1.695 million deal.