For Sale
$279,900

45 Broad StElmer, NJ 08318

High-yield investment, long-term tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,952 square foot commercial property located at 45 Broad St., Elmer, NJ 08318, in Salem County. Currently leased to a physical therapist with a long-term lease in place, this property offers a strong, stable income stream. The tenant pays a triple net lease of $3,000 per month, covering taxes, landscaping, snow removal, and utilities. The landlord's expenses are limited to water and annual insurance (approximately $3,800). The property boasts a desirable 10% cap rate. Convenient off-street and street parking is available. The roof was recently replaced in 2021, ensuring long-term structural integrity. All existing equipment and furniture are owned by the tenant and are not included in the sale. Direct contact with the tenant is prohibited. This is a rare chance to acquire a well-maintained, income-generating property in a prime commercial location. The asking price is $279,900. Don't miss this opportunity to add a valuable asset to your portfolio.

Highlights

  • 1,952 SF commercial building at 45 Broad St, Elmer, NJ 08318.
  • Triple-net leased to a physical therapist, generating $3,000/month in income.
  • Low landlord expenses (water & insurance ~$3,800 annually); 10% cap rate.
  • Recent roof replacement (2021); ample parking.
  • Asking price: $279,900.

Property Details for 45 Broad St

Property type
Specialty properties, Land
Square Feet
1,952 SF

Location Insight

City
Elmer
County
Salem
State
New Jersey
Latitude
39.592958
Longitude
-75.1704757
45 Broad St, Elmer, New Jersey

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45 Broad St
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