279 Fish Pond Rd - Freestanding FOR SALE


Sewell, NJ 08080
$2,357,692 USD
619-218-6427
279 Fish Pond Rd, Sewell, NJ for Sale
$2,357,692 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

279 Fish Pond Rd
Sewell, NJ 08080


HIGHLIGHTS

  • Brand New 2024 Construction
  • New 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
  • Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
  • 5-Mile Population Exceeds 130,000 Residents w/ AHHI Over $134,000 & 2.22% Expected Growth Over the Next 5-Years
  • Minutes to Downtown Glassboro, NJ which is Home to Rowan University which Enrolls Over 22,000 Students
  • 21-Miles to Downtown Philadelphia, 46-Miles to Atlantic City, 33-Miles to Wilmington, & Just 105-Miles to New York City

OVERVIEW

The subject property is a newly constructed freestanding site for Dollar General located in Sewell, NJ (Philadelphia MSA). The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's. This location benefits from its excellent visibility and frontage on the corner of Fish Pond Rd and Pitman Downer Rd, major thoroughfares through Sewell which combined boasts over 13,300 vehicles per day. The 5-mile population is over 130,251 people with an average household income of over $134,000 and expected population growth of 2.22% over the next 5 years. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Glassboro, NJ which is home to Rowan University which enrolls over 22,000 students. The site is only 21 miles to downtown Philadelphia, PA, 46 miles to Atlantic City, NJ, 33 miles to Wilmington, DE, 105 miles to New York City, and 101 miles to Baltimore, MD. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$2,357,692 USD

PRICE/SF

$223 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | New 15-Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.