3403 S Delsea Dr - Freestanding FOR SALE


Vineland, NJ 08360- Vineland/Millville
$4,239,130 USD
332-345-4222
3403 S Delsea Dr, Vineland, NJ for Sale
$4,239,130 USD
Freestanding - FOR SALE
1/2
null | 5.75% Cap Rate

3403 S Delsea Dr
Vineland, NJ 08360
Vineland/Millville


HIGHLIGHTS

  • Long-Term Absolute Net Leases
  • Attractive Rental Increases to Hedge Against Inflation
  • In Close Proximity to Cumberland Mall

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Burger King located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 2,750 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/17/2021. The current annual rent is $112,500 and has scheduled increases of 10.00% every 5 years. NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 6,700 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/16/2021. The current annual rent is $131,250 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$4,239,130 USD

PRICE/SF

$449 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | Mavis Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

B-3

APN/PARCEL ID

14-07004-0000-00033

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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