For Sale
$6,950,000

2941 Nj-73 Maple Shade, NJ 08052

Maple Shade retail & office complex, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use property in Maple Shade, NJ, presents a compelling value-add investment opportunity. Located at 2941 NJ-73, this property comprises two buildings totaling 32,160 square feet on a 100-space parking lot. The complex includes a 17,750 square foot shopping center with five retail units and a vacant storage unit convertible to additional retail space, plus a 14,410 square foot office building currently leased to the Drug Enforcement Administration under a NNN lease expiring December 19, 2027. Built in 1990 and 2002, the property boasts a 92% occupancy rate, generating a current NOI of $527,100 and a pro-forma NOI of $694,853, representing a 7.58% cap rate and a pro-forma cap rate of 10.00%, respectively. The asking price is $6,950,000, translating to $216.11 per square foot and $992,857.14 per unit. The property's strong tenant mix, including a stable government agency lease, and the potential for increased rental income from the vacant space offer significant upside for investors. The current lease terms are NNN with a remaining term of approximately 3.1 years. This investment presents a rare opportunity to acquire a well-located, mixed-use property in a thriving retail market with significant potential for value appreciation.

Highlights

  • Significant Value-Add Opportunity: Owner-occupied storage can be converted into 2,500 square feet of retail space.
  • Substantial Upside Potential: NNN market rent is $18.98 per square foot, offering immediate upside upon acquisition.

Property Details for 2941 Nj-73

Property type
Lifestyle centers, Power centers
Square Feet
32,160 SF
Class
B
Buildings
2
Stories
2
Units
7

Location Insight

City
Maple Shade
County
Burlington
State
New Jersey
Latitude
39.953724759889
Longitude
-74.987531485663

FAQs

What type of property is this?
Lifestyle center - Maple Shade retail & office complex, strong NOI.
Where is the lifestyle center located?
The property is located at 2941 Nj-73 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Significant Value-Add Opportunity: Owner-occupied storage can be converted into 2,500 square feet of retail space.; Substantial Upside Potential: NNN market rent is $18.98 per square foot, offering immediate upside upon acquisition.;
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.
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2941 Nj-73
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