About This Restaurant
Investment Highlights
Corporate Absolute NNN lease with Zero Landlord Responsibilities Oversized 3.4 Acre Parcel Located Near Wawa, PNC Bank, Burger King, Enterprise Rent-A-Car and Others Attractive 10% Increases Every Five Years Fortune 500 Company with an S&P Investment Grade Credit Rating of ?BBB? Affluent Demographics with Average Household Income Exceeding $111,000 within Five Miles
Executive Summary
The subject property is a Family Dollar located at 25 Fort Dix Road in Pemberton, New Jersey. The site consists of approx. 8,320 rentable square feet of building space on an estimated 3.4-acre parcel of land. This Family Dollar has just over six years remaining on an absolute triple-net (NNN) lease. There are attractive 10% increases every five years in both the base term and in each of the six, five-year renewal options.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Convenience Store General Retail Fast Food General Retail Supermarket Freestanding
- Building Size 8,320
- Building Class B
- Year Built 2015
- Price 2,054,000
- Price Per SF 247
- Cap Rate 7
- NOI 143,746
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 3.39 AC
| Date Created: | 2024-07-16 04:17:58 | Last Updated: | 2024-07-16 04:17:58 |
| Address: | 25 Fort Dix Rd , Pemberton, New Jersey, 08068 | ||