For Sale
$1,100,195

61 Black Horse PikeGloucester Township, NJ 08012

NJ Medical Office, Net Lease, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, net-lease medical office building located at 61 S Black Horse Pike, Gloucester Township, NJ 08012. The 6,400 square foot Class B building, situated on a 0.48-acre lot, is currently 100% occupied by Blackwood Dental Solutions, a tenant with a corporate guarantee from Dental Care Alliance, a large DSO. The property boasts a strong financial profile, with an asking price of $1,100,195, a price per square foot of $171.91, and a current NOI of $85,265, resulting in a 7.75% cap rate. The lease is a NN+ type, minimizing landlord responsibilities. The building, which features one story and was renovated in 2020, benefits from its location on a busy thoroughfare with high daily traffic volume. The property is part of a larger dental network in the Philadelphia region and enjoys a prime location in a densely populated, affluent area with an average household income of $122,446 within a 3-mile radius. The current lease expires on 05/13/2024, offering a new owner the opportunity to negotiate favorable lease terms. This presents a solid, passive income investment opportunity with a strong, established tenant.

Highlights

  • Single-tenant, NN+ leased medical office building occupied by Blackwood Dental Solutions, with a corporate guarantee from Dental Care Alliance.
  • Prime Blackwood, NJ location on Black Horse Pike, high traffic area (14,000 VPD), in affluent submarket with $122,446 average household income within 3 miles.
  • Established dental practice with over 18 years of operating history.
  • Corporate-backed lease guarantee from Dental Care Alliance, a large DSO.
  • Low-maintenance investment with recent 2020 roof replacement; NN+ lease minimizes landlord responsibilities.
  • Lease expires 05/13/2024, offering lease renegotiation opportunity.

Property Details for 61 Black Horse Pike

Property type
Office properties, Medical offices
Square Feet
6,400 SF
Class
B
Year Renovated
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
20,909 SF
Units
1

Location Insight

City
Gloucester Township
County
Camden
State
New Jersey
Latitude
39.8004518
Longitude
-75.0655776
61 Black Horse Pike, Gloucester Township, New Jersey

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61 Black Horse Pike
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