Price :
Square Feet :
Cap Rate :
$1,022,000
5,600
7.00%
NOI :
Acres :
$71,518
4.09
Property Type :
Property Status :
Retail
Available
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.