586 Berlin - Cross Ky RdWinslow Township, NJ 08081

Property Details for 586 Berlin - Cross Ky Rd

Lot size

1.13 AC

Property size (Sq ft)

1,800 SF

Property type

Specialty properties

Property subtype

Car washes

Description

This exceptional investment opportunity presents a thriving, fully occupied car wash located at 586 Berlin-Cross Keys Rd, Winslow Township, NJ 08081. The property boasts a substantial 1,800 square foot building situated on a 1.13-acre lot. Currently operating under a long-term, absolute triple-net (NNN) lease, this asset offers significant financial stability with a remaining lease term of approximately 18.3 years, expiring February 28, 2043. The lease commenced March 31, 2022, and includes a favorable 1.75% annual rental increase, ensuring consistent income growth. The property's strong performance is reflected in its impressive 7.00% cap rate and a Net Operating Income (NOI) of $380,353. The asking price is $5,433,614, translating to a price per square foot of $3,018.67. The car wash underwent complete renovations in 2022, ensuring modern facilities and operational efficiency. This prime location in the affluent core New Jersey market makes this a highly desirable investment, offering a secure and lucrative return for years to come. The property's 100% occupancy further solidifies its financial strength and potential for continued success. This is a rare opportunity to acquire a high-performing, long-term leased car wash in a desirable market.

Location Insight

City

Winslow Township

County

Camden

State

New Jersey

Latitude

39.7375

Longitude

-75.0015

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