1130 Route 46 · Ledgewood, NJ 07852 · Convenience / Fuel
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Matthews™ is pleased to exclusively offer 1130 Route 46 in Ledgewood, New Jersey. This is an exceptional opportunity to acquire a high-quality, 2016 build-to-suit Advance Auto Parts retail property with a corporately guaranteed NNN lease. The property features all red brick construction and benefits from approximately 9.5 years remaining on the base lease term, with three 5-year renewal options.
Located just 40 miles west of Manhattan, the property enjoys strong daily traffic counts along Route 46 and Route 10, excellent regional connectivity, and affluent demographics with an average household income of $170,144 within a 5-mile radius. The 5-mile population exceeds 110,000 residents, providing a robust customer base for the tenant. Advance Auto Parts (NYSE: AAP) is one of the nation's largest automotive aftermarket parts providers, with over 4,700 locations nationwide and annual revenues exceeding $9 billion.
The property benefits from high barriers to entry in the market, a recent long-term lease extension demonstrating the tenant's commitment, and consistent rent payments throughout the COVID-19 pandemic as an essential retailer. With a 6.15% cap rate and substantial rent increases built into the lease options, this investment offers strong current income with future upside potential.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.