110 Hancock LnMount Holly, NJ 08060

Property Details for 110 Hancock Ln

Lot size

4.68 AC

Property type

Commercial real estate

APN

37 00905-0000-00001

APU

3700905000000001

Description

This exceptional investment opportunity presents a 10,033 square foot Cracker Barrel Old Country Store located at 110 Hancock Ln, Mount Holly, New Jersey 08060. The property boasts a strong 5.65% cap rate and a substantial net operating income (NOI) of $265,444. The absolute NNN lease, guaranteed by a publicly traded company (NASDAQ: CBRL), offers significant long-term stability with 16+ years remaining and ten, five-year renewal options. Situated on a 4.68-acre lot, this strategically positioned restaurant benefits from high visibility adjacent to the New Jersey Turnpike, experiencing over 88,000 vehicles daily. The property's location within an affluent area, boasting an average household income exceeding $142,000 within a one-mile radius, ensures a robust customer base. The tenant demonstrates strong performance, reflected in a healthy 7% rent-to-sales ratio. Furthermore, the property enjoys proximity to other major national retailers, including Target, Home Depot, Kohl's, Dick's Sporting Goods, Walmart Supercenter, Marshalls, and HomeGoods, creating a thriving retail environment. Annual rent bumps of 1% provide consistent growth potential. The asking price is $4,698,123, translating to a price per square foot of $468.27. This is a rare opportunity to acquire a high-performing, passively managed investment with exceptional long-term prospects.

• Alternative Use

  Use

  Valuation

  Residential

  $43,123,344

  Hospitality

  $39,500,748

  Educational

  $32,864,160

  Medical

  $33,994,408

  Retail

  $51,122,028

Location Insight

City

Westampton

County

Burlington

State

New Jersey

Latitude

40.0294

Longitude

-74.8153

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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