For Sale
$1,795,000

416 Delilah RdPleasantville, NJ 08232

High-Income Retail Investment, NJ

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional retail property, located at 416 W Delilah Rd in Pleasantville, New Jersey, presents a lucrative investment opportunity. Built in 2019, the 9,200 square foot building sits on a 1.396-acre lot and is zoned UEZC – Urban Enterprise Zone. Currently leased until April 28th, 2024, with five-year lease options, the property generates a substantial annual income of $129,400. The tenant is responsible for property taxes, currently assessed at $59,335 for 2023. The owner's responsibilities include maintaining the roof, awning, and gutters. The asking price is $1,795,000, representing a compelling 7% capitalization rate. This property offers a strong return on investment with a long-term lease in place and a prime location within the vibrant Pleasantville commercial district. The price per square foot is $216.85, reflecting the value and potential of this exceptional retail space. This is a rare opportunity to acquire a high-performing, recently constructed retail building with a proven track record of income generation. The property's strategic location and strong tenant occupancy make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and stable investment in a thriving New Jersey market.

Highlights

  • $1,795,000 asking price for this 9,200 square foot retail property.
  • Located at 416 W Delilah Rd, Pleasantville, NJ 08232, on a 1.396-acre lot.
  • Built in 2019, with a price per square foot of $216.85.
  • Currently leased, generating $129,400 annual income; lease expires 4/28 with five-year options.
  • Tenant pays taxes; owner responsible for roof, awning, and gutters; 7% cap rate.

Property Details for 416 Delilah Rd

Property type
Retail properties
Square Feet
9,200 SF
Year Built
2019
Lot Size (sq. ft)
60,810 SF

Location Insight

City
Pleasantville
County
Atlantic
State
New Jersey
Latitude
39.4071615
Longitude
-74.5180074
416 Delilah Rd, Pleasantville, New Jersey

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416 Delilah Rd
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