601 Centennial BlvdVoorhees Township, NJ 08043

Property Details for 601 Centennial Blvd

Year built

2008

Property size (Sq ft)

4,952 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased medical office building located at 601 Centennial Blvd, Voorhees Township, NJ 08043. The 4,952 square foot Class B building, constructed in 2008, is currently 100% occupied by Voorhees Dental Solutions, a tenant with a corporate guarantee from Dental Care Alliance, a large DSO. The property boasts a 7.75% cap rate and a strong NOI of $143,692. The lease is in place until May 13, 2024, providing a new owner the opportunity to negotiate a lease extension with this established tenant. Situated in a high-traffic area (12,495 VPD) within an affluent community (average household income $185,000 within a 3-mile radius), this property offers a hands-off investment with minimal landlord responsibilities. The building is part of a condo complex with other reputable medical tenants, creating a synergistic environment. Its proximity to Cooper University Healthcare Voorhees Campus further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing dental office investment in a prime South Jersey location. The property offers a compelling combination of strong tenant history, corporate backing, and a desirable location, making it an attractive addition to any investment portfolio.

Location Insight

City

Voorhees Township

County

Camden

State

New Jersey

Latitude

39.8599

Longitude

-74.9475

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