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Vantage Plaza (Adjacent to Joint Base McGuire-Dix-Lakehurst (JB MDL) - 38-44 Cookstown-Wrightstown Road, Cookstown, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,022,000

  • 5,600

  • 7.00%

  • NOI :

  • Acres :

  • $71,518

  • 4.09

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

 Fully Occupied Retail Investment: 5,600 SF neighborhood retail center leased to three established businesses, providing immediate income from a seasoned tenant base.

Attractive Going-In Yield: Offered at $1,022,000 with $71,518 in annual NOI, representing a 7.00% capitalization rate.

Future Development Upside: The 4.09-acre parcel includes additional land behind the existing center, offering potential for future development or expansion, subject to zoning and approvals.

Adjacent to Fort Dix: Positioned near Joint Base McGuire-Dix-Lakehurst, a major regional employer supporting demand from military personnel, civilian employees and surrounding households.

Exceptional Tenant Longevity: Three Brothers Pizza has operated at the property since 1973, Trendsetters Beauty Salon since 1996 and Nailchemy Nail Salon since 2012.

Service-Oriented Tenant Mix: Restaurant, beauty and nail salon uses provide services that generate repeat visits and are resistant to online competition.

Visibility and Convenient Access: Frontage along Cookstown-Wrightstown Road exposes the property to approximately 10,300 vehicles daily, complemented by 32 parking spaces.

Income Today with Long-Term Optionality: An asking price of approximately $183/SF combines existing rental income with the potential to unlock additional value from the rear acreage.