NAI DiLeo-Bram & Co. (NAIDB) arranged the $4.5-million sale of a former Speedway retail property located at 701 E. Edgar Rd. in Linden, NJ. The transaction was spearheaded by NAIDB VP Jennifer Harrison on behalf of the buyer, Rona 22 LLC, doing business as Fuel One. The seller was Speedway LLC.
Featuring a 3,650-square-foot, freestanding retail building, the property occupies 1.84 acres along one of the region’s highly trafficked commercial corridors. The site offers visibility for automotive and convenience-based retail services.
“This transaction underscores the continued strength of the New Jersey retail and fuel-service market,” said Harrison. “Securing a site of this scale along this roadway provides Fuel One with a strategic foothold in a high-demand area. Navigating the complexities of fuel-related real estate requires a deep understanding of site-specific logistics and institutional requirements, and NAIDB is thrilled to have delivered this result for our client.”
Glenn Beyer of Newmark and Justin Glenn of Excess Space co-represented the seller. The new owner plans to continue operating the property as a fuel and convenience store.
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