55 White Horse PikeAudubon, NJ 08106

Property Details for 55 White Horse Pike

Year built

1996

Lot size

0.35 AC

Property size (Sq ft)

1,866 SF

Property type

Retail properties

Property subtype

Auto shops

Description

Exceptional investment opportunity: a fee-simple 1,866 square foot Jiffy Lube in Audubon, NJ (08106), located at 55 N White Horse Pike. This property boasts a 10-year net lease (commencing December 31, 2017, and expiring December 31, 2028), with five years remaining. The lease includes two 5-year renewal options, featuring annual rent increases of 2.5% or CPI, whichever is greater, providing inflation protection. The current asking price is $1,000,000, representing a 7.22% cap rate and a price per square foot of $584.14. The property generates a net operating income (NOI) of $72,191 annually, with 100% occupancy. Built in 1996 and renovated in 2018, this single-tenant retail property sits on a 0.35-acre lot and includes 8 parking spaces. The property is zoned C and has an APN of 01 00029-0000-00002. The tenant, Jiffy Lube, is operated by Team Car Care Group, one of the largest Jiffy Lube operators in the country, ensuring long-term stability. The location benefits from high average household incomes within a 3-mile radius ($89,287-$91,828) and its strategic position along Route 30, connecting Atlantic City and Philadelphia, within a dense retail and residential area. This property offers a compelling investment opportunity with a strong tenant, long lease term, and significant upside potential.

Location Insight

City

Audubon

County

Camden

State

New Jersey

Latitude

39.8983

Longitude

-75.0728

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