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.
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