829 Blackwood Clementon Rd - Freestanding FOR SALE


Lindenwold, NJ 08021
$2,371,000 USD
973-632-1386
829 Blackwood Clementon Rd, Lindenwold, NJ for Sale
$2,371,000 USD
Freestanding - FOR SALE
1/7
null | 6.85% Cap Rate

829 Blackwood Clementon Rd
Lindenwold, NJ 08021


HIGHLIGHTS

  • Absolute NNN Lease | 13.5+ Years Remaining | Strong Guarantor | Rare Annual Rent Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Out Parcel to Savealot & Family Dollar Anchored Shopping Center and Kitty Corner to a ShopRite Grocery Store
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Lindenwold, NJ. The tenant, Take 5 Oil Change recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases every 5 years throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,371,000 USD

PRICE/SF

$4,723 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

CROSS STREETS

Laurel Rd.

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

22-00240-0000-00001-01

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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