61 Black Horse PikeGloucester Township, NJ 08012

Property Details for 61 Black Horse Pike

Lot size

0.49 AC

Property type

Other commercial real estate

APN

15 11701-0000-00019

APU

1511701000000019

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,079,260

  Hospitality

  $6,484,564

  Educational

  $5,395,080

  Medical

  $5,580,626

  Retail

  $8,392,348

Location Insight

City

Blackwood

County

Camden

State

New Jersey

Latitude

39.8005

Longitude

-75.0656

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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