For Sale
$2,177,000

829 Blackwood-Clementon RdLindenwold, NJ 08021

High-Yield NNN Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple interest in a brand-new (2023), 1,336 square foot Take 5 Oil Change located at 829 Blackwood-Clementon Rd, Lindenwold, NJ 08021. The property boasts a 15-year absolute NNN lease commencing February 1, 2024, and expiring January 31, 2039, with a remaining term of 14.5 years. The lease includes annual rent increases, providing a stable and predictable income stream. The asking price is $2,177,000, representing a 7.35% cap rate and a net operating income (NOI) of $160,000. This drive-thru oil change facility benefits from a prime location at a signalized intersection with high traffic counts (46,332 AADT combined at the intersection and 381,421 AADT on nearby major roadways). The property is situated in a thriving retail corridor with numerous national tenants and serves a large population base (215,245 residents within five miles) with a high average household income ($113,158 within five miles). The property's proximity to major roadways, including State Route 42, the New Jersey Turnpike, and U.S. Route 30, ensures excellent visibility and accessibility. Furthermore, its location near Jefferson Stratford Hospital and the Philadelphia metropolitan area further enhances its appeal. This is a turnkey investment with no landlord responsibilities, ideal for passive investors seeking a strong, long-term return. The tenant, Take 5 Oil Change, is a subsidiary of Driven Brands, Inc., a rapidly growing company with a significant market presence. The property qualifies for bonus depreciation.

Highlights

  • Hard-corner location at signalized intersection of Blackwood Clementon Rd & Laurel Rd (46,332 AADT).
  • Trophy location near NJ Turnpike, Route 30, & Route 42 (381,421 AADT).
  • Large customer base: 215,245 residents within 5 miles.
  • High average household income: $113,158 within 5-mile radius.
  • Strong retail corridor with major national tenants nearby (ShopRite, Chipotle, etc.).
  • Two miles from Jefferson Stratford Hospital (596 beds).

Property Details for 829 Blackwood-Clementon Rd

Property type
Retail properties, Retail space
Square Feet
1,336 SF
Year Built
2023

Location Insight

City
Lindenwold
County
Camden
State
New Jersey
Latitude
39.8045211
Longitude
-75.022986
829 Blackwood-Clementon Rd, Lindenwold, New Jersey

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829 Blackwood-Clementon Rd
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