154 Route 73 N - Freestanding FOR SALE


Voorhees, NJ 08043
$9,113,000 USD
973-632-1386
154 Route 73 N, Voorhees, NJ for Sale
$9,113,000 USD
Freestanding - FOR SALE
1/8
null | 7.5% Cap Rate

154 Route 73 N
Voorhees, NJ 08043


HIGHLIGHTS

  • 100% Leased | Corporate Guaranteed Anchor | Scheduled Rental Increases | NNN Leases | Over 7 Years WALT
  • Prime Retail Location | Anchored by BJ’s & Lowe’s | Healthcare-Adjacent Trade Driver
  • Excellent Visibility | High Traffic Corridor | Affluent Demographics

OVERVIEW

• Fully Stabilized Asset: The offering features a 100% leased multi-tenant retail property anchored by 2A Thrift Superstore, a corporate-backed concept owned and operated by Savers (NYSE: SVV). • Long-Term Anchor Commitment: Savers recently executed a 10-year lease with two (2) five-year extension options, underscoring long-term operational commitment. • E-Commerce Resistant Tenant Mix: Additional tenants include a salon, fitness studio, pet supply store, and a popular Irish pub—all service-oriented and resistant to e-commerce disruption. • Scheduled Rental Escalations: Built-in rent increases throughout the initial lease terms and option periods provide growing NOI and act as a hedge against inflation. • NNN Lease Structure with CAM Pass-Throughs: All tenants operate under triple-net (NNN) leases, with CAM charges billed separately through the condo association, minimizing management responsibilities for ownership. • Strong Lease Term Remaining: The property offers a Weighted Average Lease Term (WALT) exceeding 7 years, with no short-term lease rollover, providing income stability.

FOR SALE DETAILS

PRICE

$9,113,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Hill Shopping Center | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

182

LAND DETAILS

LAND ACRES

5.56 AC

LAND SF

242,194 SF

ZONING

MB

APN/PARCEL ID

34-00229-0000-00007-0000-CS002

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.