586 Berlin - Cross Ky RdWinslow Township, NJ 08081

For Sale
$5,433,614

High-Yield Car Wash Investment - NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a thriving, fully occupied car wash located at 586 Berlin-Cross Keys Rd, Winslow Township, NJ 08081. The property boasts a substantial 1,800 square foot building situated on a 1.13-acre lot. Currently operating under a long-term, absolute triple-net (NNN) lease, this asset offers significant financial stability with a remaining lease term of approximately 18.3 years, expiring February 28, 2043. The lease commenced March 31, 2022, and includes a favorable 1.75% annual rental increase, ensuring consistent income growth. The property's strong performance is reflected in its impressive 7.00% cap rate and a Net Operating Income (NOI) of $380,353. The asking price is $5,433,614, translating to a price per square foot of $3,018.67. The car wash underwent complete renovations in 2022, ensuring modern facilities and operational efficiency. This prime location in the affluent core New Jersey market makes this a highly desirable investment, offering a secure and lucrative return for years to come. The property's 100% occupancy further solidifies its financial strength and potential for continued success. This is a rare opportunity to acquire a high-performing, long-term leased car wash in a desirable market.

Highlights

  • Fully occupied car wash on 1.13-acre lot in Winslow Township, NJ.
  • 1,800 SF building with a long-term, absolute NNN lease (18.3 years remaining).
  • 7.00% cap rate and $380,353 NOI; asking price: $5,433,614 ($3,018.67/SF).
  • 1.75% annual rent increases; lease expires February 28, 2043.

Property Details for 586 Berlin - Cross Ky Rd

Property type
Other specialty properties, Automotive properties
Square Feet
1,800 SF
Year Renovated
2022
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Winslow Township
County
Camden
State
New Jersey
Latitude
39.737479
Longitude
-75.0015382
586 Berlin - Cross Ky Rd, Winslow Township, New Jersey

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586 Berlin - Cross Ky Rd
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