3849 S Delsea Dr - Restaurant FOR SALE


Vineland, NJ 08360- Vineland/Millville
$1,886,000 USD
980-498-3293
3849 S Delsea Dr, Vineland, NJ for Sale
$1,886,000 USD
Restaurant - FOR SALE
1/12
null | 7% Cap Rate

3849 S Delsea Dr
Vineland, NJ 08360
Vineland/Millville


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Red Robin located in Vineland, New Jersey. This 4,400 SF asset sits as an outparcel to the Cumberland Mall (6.1M visits in the last 12 months (placer.ai) which puts it in the top 88% in all of NJ) and has been 100% occupied by Red Robin since 2015. The subject property benefits from signage and visibility along Rt 47 (S Delsea Drive), a major regional retail market servicing a rapidly growing and affluent South Jersey submarket. Red Robin executed a long-term 15-year ground lease in 2015 which includes 10% rent escalations throughout the initial term and at the beginning of each option period. Red Robin currently pays $132,000 with the next escalation in September 2025, bringing the NOI to $145,200 and boosting near term investor returns. The lease also calls for three (3), five (5) year options. This offering presents an excellent opportunity to acquire a stable, completely passive investment with a nationally recognized tenant in a thriving retail corridor.

FOR SALE DETAILS

PRICE

$1,886,000 USD

PRICE/SF

$429 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

B-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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