816 Black Horse PikeMount Ephraim, NJ 08059

For Sale
$2,213,748

Strong tenant, 15-year lease, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional investment opportunity presents a 7,128 square foot, single-tenant retail building in Mount Ephraim, NJ, occupied by Mavis Discount Tire. The property, located at 816 Black Horse Pike, sits on a 0.36-acre lot and boasts a Class A designation. Built in 1980 and extensively renovated in 2019, the building features a new roof with a 15-year warranty. The 15-year net lease, commencing December 2, 2019, and expiring December 31, 2039, includes five, five-year renewal options. Rent increases are built in every five years. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $141,679, resulting in a 6.00% cap rate. The asking price is $2,213,748. This prime retail location benefits from high traffic counts on Black Horse Pike, a major thoroughfare, and enjoys excellent visibility across from the Audubon Shopping Center, anchored by Walmart, and near other national retailers such as Chick-fil-A, Ross Dress for Less, Five Below, and Applebee's. This investment offers a secure, long-term income stream with a financially sound, nationally recognized tenant. The lease is guaranteed by Mavis Tire Supply, LLC.

Highlights

  • 7,128 SF single-tenant retail building in Mount Ephraim, NJ, occupied by Mavis Discount Tire.
  • Located at 816 Black Horse Pike on a 0.36-acre lot, Class A construction.
  • Built in 1980, extensively renovated in 2019, including a new roof with a 15-year warranty.
  • 15-year net lease (12/2/2019 - 12/31/2039) with five, five-year renewal options and built-in rent increases.
  • 100% occupancy, $141,679 NOI, 6.00% cap rate, $2,213,748 asking price.
  • High-traffic location on Black Horse Pike, excellent visibility near major retailers including Walmart, Chick-fil-A, and Ross.

Property Details for 816 Black Horse Pike

Property type
Other retail properties, Automotive properties
Square Feet
7,128 SF
Class
A
Year Built/Renovated
1980/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF
Units
1

Location Insight

City
Mount Ephraim
County
Camden
State
New Jersey
Latitude
39.8909673
Longitude
-75.0904522
816 Black Horse Pike, Mount Ephraim, New Jersey

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816 Black Horse Pike
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