530 Berlin - Cross Ky RdWinslow Township, NJ 08081

For Sale
$3,300,813

NJ Medical Office, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a brand-new, 3,500-square-foot Aspen Dental located in Winslow Township, NJ, at 530 Berlin-Cross Keys Rd, 08081. The property, built in 2024, sits on a 0.42-acre lot and features a single-story building with a 100% occupancy rate. Secured by a corporate guarantee, the 10-year net lease (NN) with Aspen Dental commenced December 24, 2024, and expires December 23, 2034, offering a substantial remaining lease term of 10.1 years. The lease includes a favorable 10% rent increase every five years, providing a built-in hedge against inflation. The property boasts a strong 6.15% cap rate and a Net Operating Income (NOI) of $203,000, with a price per square foot of $943.09. Benefiting from its strategic location less than a mile from the Atlantic City Expressway (25,365 vehicles daily) and its proximity to a high-traffic ShopRite (1.4 million annual visits), this investment offers significant long-term potential. The property is fee simple ownership and includes three, five-year lease options. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a nationally recognized tenant with minimal landlord responsibilities.

Highlights

  • Aspen Dental in Sicklerville, NJ, 17 miles southeast of Philadelphia.
  • Minimal landlord responsibilities; Double Net (NN) lease.
  • 10% rent increases every five years, hedging against inflation.
  • Strong local population growth; 6.2% increase within a 5-mile radius since 2010.
  • High-credit, experienced tenant; Aspen Dental operates over 1,000 US locations.
  • 10-year remaining lease term on the base term.

Property Details for 530 Berlin - Cross Ky Rd

Property type
Other retail properties, Individual retail properties
Square Feet
3,500 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
18,295 SF
Units
1

Location Insight

City
Winslow Township
County
Camden
State
New Jersey
Latitude
39.7431653
Longitude
-74.9956204
530 Berlin - Cross Ky Rd, Winslow Township, New Jersey

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530 Berlin - Cross Ky Rd
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