For Sale
$1,750,000

34 Holly AvePitman, NJ 08071

NJ Retail Store, 10-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 4,000 square foot Sherwin-Williams storefront in Pitman, New Jersey, boasting a new 10-year net lease (expiring 10/15/2034) with a highly-rated tenant. The property, located at 34 E Holly Ave, 08071, underwent a complete renovation in 2024, including a new roof, HVAC system, utilities, flooring, ceiling, and fascia. This single-story building sits on commercially zoned land and includes nine parking spaces. The property's strong financial performance is reflected in its 5.71% cap rate and $100,000 annual net operating income (NOI). The asking price is $1,750,000, translating to $437.50 per square foot. The tenant, Sherwin-Williams, has a long operational history at this location, dating back to 1963, ensuring a stable and reliable income stream. This is a turnkey investment opportunity with a secure, long-term lease and a recently renovated property. The 100% occupancy began October 14, 2024. This is an ideal addition to any portfolio seeking strong returns and minimal management responsibilities.

Highlights

  • 4,000 SF Sherwin-Williams storefront in Pitman, NJ, on a new 10-year net lease expiring 10/15/2034.
  • Completely renovated in 2024, including roof, HVAC, utilities, flooring, ceiling, and fascia.
  • Commercially zoned land with nine parking spaces.
  • 5.71% cap rate and $100,000 annual NOI; asking price $1,750,000 ($437.50/SF).
  • 100% occupancy since October 14, 2024.

Property Details for 34 Holly Ave

Property type
Retail properties, Retail space
Square Feet
4,000 SF
Year Renovated
2024
Buildings
1
Stories
1

Location Insight

City
Pitman
County
Gloucester
State
New Jersey
Latitude
39.733612557759
Longitude
-75.130336248372
34 Holly Ave, Pitman, New Jersey

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34 Holly Ave
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