26 Nj-73Berlin, NJ 08009

For Sale
$2,045,246

High-traffic NJ retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General store built in 2023, situated on a 1.75-acre lot in Berlin, New Jersey. The property boasts a 15-year absolute NNN lease with a credit-rated, corporate guarantor (Dollar General, NYSE: DG), ensuring minimal landlord responsibilities. The lease features attractive 5% rent bumps every five years, both within the primary term and across four 5-year options, extending the lease to 2038. The property enjoys a prime location on NJ-73, a major thoroughfare with over 19,800 vehicles passing daily. This high-traffic area serves a population exceeding 59,000 within a 5-mile radius, projected to grow by 2.14% over the next five years. The strategic location offers easy access to major East Coast cities, including Philadelphia (27 miles), Atlantic City (37 miles), Wilmington (48 miles), and New York City (97 miles). The property's strong financials include a 6.50% cap rate and a net operating income (NOI) of $132,941. This is a rare opportunity to acquire a stable, long-term, corporately guaranteed investment with significant upside potential. The property is offered at $2,045,246 fee simple.

Property Details for 26 Nj-73

Property type
Other retail properties, Individual retail properties
Square Feet
10,640 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Berlin
County
Camden
State
New Jersey
Latitude
39.7987212
Longitude
-74.9297563
26 Nj-73, Berlin, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
26 Nj-73
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message