238 Taunton BlvdMedford, NJ 08055

This exceptional investment opportunity presents a 5,865 square foot, single-story retail shopping center in Medford, New Jersey. Located on a 1.33-acre lot at 238 Taunton Blvd (APN: 20-03201-00033 08), this Class B property boasts four tenants under Net Lease agreements (NN+), each with independently metered gas and electric. The current tenants include a barber shop, dry cleaners, photography shop, and Italian restaurant. All leases are multi-year agreements with rent bumps included. The property features 55 parking spaces, public water and sewer, and potential for expansion (possibly 3,000 to 5,000 square feet). The asking price is $1,495,000, representing a price per square foot of $254.90 and a 5.17% cap rate, with a current Net Operating Income (NOI) of $77,300. Built in 1950, the property is zoned CC and offers excellent visibility and high traffic counts due to its location at a lighted intersection with frontage and access on both Taunton Blvd. and Tomlinson Mill Road. The property benefits from a strong demographic profile, surrounded by a dense population of townhouses, condos, apartments, and single-family homes, with average household incomes exceeding $125,748 within a five-mile radius. Its proximity to major roadways (I-295, Routes 38, 206, 73, 70, PA & NJ Turnpikes, and the Atlantic City Expressway) and shopping centers (Promenade Shopping Center, Cherry Hill & Moorestown Malls, Market Place at Garden State, and Centerton Square/Moorestown) further enhances its appeal. The property is being sold "AS IS".