25 Fort Dix RdPemberton, NJ 08068
- Other commercial real estate
- 8,320 SF
Property Details for 25 Fort Dix Rd
- Year built
- 2014
- Lot size
- 3.26 AC
- Property size (Sq ft)
- 8,320 SF
- Property type
- Other commercial real estate
- APN
- 29 00799-0000-00002- 02
- APU
- 290079900000000202
Description
This Pemberton, NJ, Family Dollar offers a compelling net lease investment opportunity. The property boasts 8,320 square feet on a 3.39-acre lot, featuring a 100% occupied, single-tenant building. The absolute NNN lease with Family Dollar (a Fortune 500 company with a BBB credit rating) provides zero landlord responsibilities and has a remaining term of approximately 5.6 years. Built in 2014, the property benefits from a 10% rent increase every five years, extending through six, five-year renewal options. The asking price is $1,917,000, representing a 7.50% cap rate and a price per square foot of $230.41. The lease commenced April 1, 2015, and expires June 30, 2030. The property is located at 25 Fort Dix Rd, Pemberton, NJ 08068, and is situated near a major military base, contributing to strong demographics with an average household income exceeding $111,000 within a five-mile radius. This fee-simple ownership provides a stable, long-term investment with significant upside potential. The property is classified as a convenience store, grocery store, and QSR/fast food establishment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $2,092,681
- Hospitality
- $1,916,884
- Educational
- $1,594,825
- Medical
- $1,649,674
- Retail
- $2,480,839
Location Insight
- City
- Pemberton
- County
- Burlington
- State
- New Jersey
- Latitude
- 39.98
- Longitude
- -74.6804
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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