153 S Delsea Dr - Auto Repair FOR SALE
Vineland, NJ 08360 |
153 S Delsea Dr
Vineland, NJ 08360
HIGHLIGHTS
- AAMCO Transmissions will sign brand new 10 year lease with two five year renewal options, commencing on 10/1/2021
- The subject property is tied to an absolute-NNN lease, meaning the landlord has zero responsibilities or expenses including roof and structure
- The immediate surrounding area has seen positive retail growth, with new national tenants such as Lidl, Starbucks, and Mavis Discount Tire
- There are large 10% rental increases in Year 6 and Option 2 and a 12% rental increase in Option 1
- The subject property fronts on S Delsea Drive (18,090 V.P.D.) with great visibility and points of access on both S Delsea Drive and Coney Avenue
- Nearby national tenants include Walmart Supercenter, Rite Aid, Planet Fitness, Dollar Tree, Wendy’s, Days Inn, Quality Inn, KFC, and UPS to name a few
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
AAMCO | Vineland, NJ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
3670
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
14-03601-0000-00012
