Safelite

Established Tenant With Long-Term Commitment – IN 2008 Safelite Bought Out a Regional Auto Glass Company and Signed a New Lease IN 2021, Demonstrating a Strong Commitment to the Site and Market
Passive Investment – the Tenant Reimburses for Operating Expenses—Including Taxes, Insurance, and Maintenance, Making This a Low-Maintenance, Passive Investment.
Value-Add Potential – the Option Period Rent is Subject to Mutual Agreement, Presenting an Opportunity to Increase Rental Income, as the Tenant is Currently Paying Below-Market Rates.
Expansion Opportunity – Situated on a Large ±2.31-Acre Parcel, the Property Provides Ample Room for Future Expansion OR Redevelopment.
Affluent Newark Submarket – the Property Benefits From A Strong Consumer Base, With Over 120,000 Residents Within A 10-Mile Radius. the Area Boasts an Average Household Income of $158,000. This Combination of Population Density and Affluence Creates A Highly Attractive Environment for Retailers and Service Providers Seeking Long-Term Stability and Sales Growth.
Dominant Market Leader – Belron, the Global Leader IN Vehicle Glass Repair and Replacement (Vgrr), Operates IN 40+ Countries Under 10+ Brands. IN the U.S., it Owns Safelite Autoglass—the Largest Player With 700+ Locations and 7,000+ Mobileglassshops. IN 2023, Belron Reported $6.5b IN Revenue, With an Estimated $3.9b From Safelite.

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