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701 East Edgar Road

Rona 22 LLC Acquires Former Speedway Property In Linden For $4.5 Million
SOLDRetail

Rona 22 LLC Acquires Former Speedway Property In Linden For $4.5 Million

701 East Edgar Road

$4,500,000

$1,232/SF

Building Size

3,650 SF

Asset Type

Retail

Closing

Feb 5, 2026

AI

The property asset involved in the transaction is a retail property located at 701 East Edgar Road in Linden, NJ. The asset spans 1.84 acres and features a building with a total area of 3,650 square feet. The transaction was completed for a price of $4,500,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,500,000
  • Square Footage: 3,650 SF
  • Price Per Square Foot: $1,233
  • Buyer: Rona 22 LLC (Fuel One)
  • Seller: Speedway LLC
  • Date of Transaction: 02/05/2026
  • Broker: Jennifer Harrison - NAI DiLeo-Bram & Co.
  • Acres: 1.84

Rona 22 LLC (Fuel One) acquired the property formerly operated by Speedway, intending to undertake immediate renovations and continue its operation as a fuel and convenience service provider. This acquisition reflects the ongoing demand for retail and fuel-service options in the New Jersey market.

Players

Jennifer Harrison

NAI DiLeo-Bram & Co.

Broker

$4.5M

vol

1 deal

Broker

Linden Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93