1659 Nj-38Mount Holly, NJ 08060

Property Details for 1659 Nj-38

Year built

1970

Lot size

1.76 AC

Property size (Sq ft)

6,200 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a 6,200 square foot, fully occupied car wash located at 1659 NJ-38, Mount Holly, NJ 08060. The property sits on a 1.76-acre lot and boasts a strong 7.00% cap rate, generating a substantial net operating income (NOI) of $457,780. The asking price is $6,539,714, translating to a price per square foot of $1,054.79. Built in 1970, this single-tenant property benefits from a long-term, 21-year absolute triple-net (NNN) lease, commencing April 1, 2023, and expiring March 30, 2044, leaving over 19 years remaining. The lease includes a favorable 2% annual rental increase. The car wash enjoys exceptional visibility due to its location across from Lumberton Plaza Mall and its high-traffic position on Route 38 and the Mount Holly Bypass, seeing 38,900 and 37,100 vehicles daily, respectively. This prime location is further enhanced by an affluent consumer base with an average household income exceeding $111,000, creating an ideal market for automotive services. The property offers zero landlord responsibilities, making it an attractive, low-maintenance investment. This is a rare opportunity to acquire a stable, high-performing car wash in a desirable New Jersey market.

Location Insight

City

Mount Holly

County

Burlington

State

New Jersey

Latitude

39.9829

Longitude

-74.7818

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].