451 White Horse Pike - Bank FOR SALE
Atco, NJ 08004 |
$1,600,000 USD
305-905-3215
451 White Horse Pike
Atco, NJ 08004
HIGHLIGHTS
- Property is being offered at a year-1 in place cap rate of 8.25%
- The property is being offered at approximately $363/SF, below estimated replacement cost
- This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis dispensary
- The property offers a significant competitive advantage with its fully equipped three-lane drive-thru
- The subject property sits on approximately +3.13 acres, offering excess land that provides potential for future redevelopment or expansion
- The lease is backed by two successful business leaders, including a senior executive of a global manufacturing company with substantial revenue
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$364 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Bank, Drug Store, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.13 AC
LAND SF
136,343 SF
ZONING
PHB
APN/PARCEL ID
35-02001-0000-00070
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305-905-3215
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305-905-3215
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