61 S Black Horse Pike - Medical FOR SALE


Blackwood, NJ 08012
$1,100,194 USD
215-568-2600
61 S Black Horse Pike, Blackwood, NJ for Sale
$1,100,194 USD
Medical - FOR SALE
1/5
null | 7.75% Cap Rate

61 S Black Horse Pike
Blackwood, NJ 08012


HIGHLIGHTS

  • Single tenant double net lease: Dental Solutions, strategically situated on the bustling Black Horse Pike with a daily traffic count of 14,000 vehicle
  • Prime location in downtown Blackwood, an affluent and densely populated submarket of Philadelphia, boasting 69,000 residents with an average household
  • Established dental investment opportunity with a robust operating history spanning over 18 years
  • Secured by a corporate-backed lease guarantee from Dental Care Alliance, a Sarasota-based Dental Support Organization (DSO)
  • Limited landlord responsibility under a double net lease, with recent roof replacement in 2020, offering investors a solid passive investment opportun
  • The short remaining lease term presents an advantageous opportunity for new investors to negotiate an extension and secure the tenant on a fresh lease

OVERVIEW

MSC Retail is excited to present an exceptional investment opportunity encompassing two single-tenant net lease dental properties in Southern New Jersey. These properties, both operated by Dental Solutions, are part of a 13+ unit dental network spanning the Philadelphia region. Owned by Dental Care Alliance, a Sarasota-based Dental Support Organization (DSO) with a vast network of over 400 practices across 22 states, both properties boast a corporate-backed lease guarantee from the DSO. With short remaining lease terms on both properties, a new owner has the advantageous opportunity to negotiate lease extensions and cultivate long-term relationships with the tenant in the years ahead. Strategically situated in affluent and densely populated suburbs of Southern New Jersey, these properties offer investors prime real estate assets with a dominant tenant presence. Dental practices represent enduring investments due to the high costs and complexities associated with relocating practices and client bases. The strategic positioning of both properties in affluent and densely populated areas of South Jersey presents investors with a genuine opportunity to acquire valuable real estate assets with a dominant tenant presence in markets where income-producing properties are scarce.

FOR SALE DETAILS

PRICE

$1,100,194 USD

PRICE/SF

$138 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

American Dental Concepts

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C

APN/PARCEL ID

15-11701-0000-00019

ASK ABOUT THIS PROPERTY

215-568-2600

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215-568-2600

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