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1667 Landis AveVineland, NJ 08361

82,870 SF, 18 Tenants, 8-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 82,870-square-foot medical and educational office campus situated on a 27.86-acre lot in Vineland, New Jersey. The property comprises six single-story buildings, each recently renovated (2024). The campus boasts a diverse tenant mix of 18 established healthcare providers, educational institutions, and professional services firms, ensuring a stable and predictable income stream. The weighted average lease term remaining is 8.3 years, commencing August 1, 2024, and expiring December 1, 2032. Leases are primarily Net Lease (NNN) or modified gross, with rent bumps tied to the greater of 3% or CPI. The campus offers ample parking (2.8 spaces per 1,000 sq ft) and is zoned IN-2. Building sizes vary, ranging from 7,670 square feet to 33,700 square feet, accommodating a variety of uses including behavioral health, non-retail pharmacy, dermatology, children's daycare, and mixed-use offices. The property's current occupancy is 97.5%, reflecting its strong tenant base and desirability. The site's history of providing community services for over 100 years contributes to its established presence and potential for future growth, with additional acreage available for expansion. This is a rare opportunity to acquire a well-maintained, high-performing medical and educational office campus with significant long-term value.

Highlights

  • 8.3-year weighted average remaining lease term with diverse healthcare and professional tenants.
  • Major systems recently renovated (within the last three years).
  • Strong tenant occupancy including healthcare providers, educational institutions, and professional services firms.
  • Excess acreage available for future development.
  • NNN and modified gross leases provide stable cash flow.
  • Established community presence with a 100-year history of service.

Property Details for 1667 Landis Ave

Property type
Office properties, Medical offices
Square Feet
82,870 SF
Class
B
Year Renovated
2024
Buildings
6
Stories
1
Lot Size (sq. ft)
1,213,582 SF

Location Insight

City
Vineland
County
Cumberland
State
New Jersey
Latitude
39.48483894
Longitude
-74.99695899
1667 Landis Ave, Vineland, New Jersey

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1667 Landis Ave
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