4403 Black Horse PikeHamilton, NJ 08330

Property Details for 4403 Black Horse Pike

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

45.07 AC

Zone code

DC

Property type

Commercial real estate

APN

12 01135- 01-00010- 02

APU

1201135010001002

Description

This Hamilton, NJ shopping center offers a compelling investment opportunity. The 107,183 square foot property boasts an 88.8% occupancy rate and a strong Net Operating Income (NOI) of $1,051,678. Tenants include internet-resistant businesses like Planet Fitness, Get Air, and DaVita Dialysis, ensuring relative tenant stability with lease expirations ranging from 2026 to 2029. The weighted average lease term is 5.32 years. A significant value-add opportunity exists with approximately 12,000 square feet (11% of the gross leasable area) currently available for lease, presenting potential for NOI growth. Strategically located on a 10.41-acre lot, this property enjoys a prime pad location adjacent to the Hamilton Mall (428,996 SF) and is surrounded by major national retailers such as Walmart, Target, Hobby Lobby, Macy's, H&M, Kohl's, Burlington, BJ's, ULTA, and Dick's. Its proximity to Atlantic City, a major tourist destination, further enhances its appeal. The property is situated at 4403 E Black Horse Pike, Hamilton, NJ 08330, in Atlantic County. This NNN leased multi-tenant shopping center presents a rare opportunity for long-term growth and income generation.

• Alternative Use

  Use

  Valuation

  Residential

  $723,921,472

  Hospitality

  $663,108,160

  Educational

  $551,698,240

  Medical

  $570,671,936

  Retail

  $858,197,248

Location Insight

City

Mays Landing

County

Atlantic

State

New Jersey

Latitude

39.4538

Longitude

-74.6439

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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