1020 Landis AveVineland, NJ 08360

This exceptional investment opportunity presents a fee-simple interest in a 12,000 square foot single-tenant retail property leased to Mattress Warehouse in Vineland, New Jersey. Located at 1020 W Landis Ave, this 3.28-acre property boasts a prime location adjacent to a Walmart Supercenter and other high-performing retailers. The property benefits from excellent visibility on Landis Ave (17,900 vehicles per day), a major thoroughfare, and proximity to State Route 55 (48,200 vehicles per day). The current lease, commencing January 2025, is a 10-year Net Lease with a corporate guarantee from Mattress Warehouse, LLC, and includes three, five-year renewal options. Rent increases by 10% every five years. Built in 1968 and renovated in 2013, the single-story building offers a strong 6.50% cap rate with a current NOI of $150,000 and an asking price of $2,308,000. The lease's below-market rent and low basis contribute to this compelling investment. The surrounding area demonstrates strong retail performance, with nearby businesses ranking highly in their respective chains according to Placer.ai data. This property offers a secure, high-growth investment opportunity with a long-term tenant and significant upside potential.