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249 White Horse Pike
Atco, NJ 08004

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
2,700 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.78 AC
Zoning
PHB
Parking
24 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
140 FT on White Horse Pike

Amenities

  • Banking
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

About 249 White Horse Pike , Atco, NJ 08004

Price $1,561,000 Cap Rate 6.00% NOI $93,654 Term Remaining 11 YRS Occupancy 100% Status available VIEW MAP LISTED BY GARY CHOU SVP & SENIOR DIRECTOR GARY.CHOU@MATTHEWS.COM +1 (310) 919-5827License No. 01911222 DOWNLOAD OFFERING MEMORANDUM Broker of Record Ray Smith License No. 7868129 Stafford Smith Realty 630 Broad Street, Shrewsbury, NJ 07702 (732) 747-1000 INVESTMENT HIGHLIGHTS STABILIZED LONG-TERM INVESTMENT Long Term Lease – 11 years remaining on original 15-year lease Rare Annual Increases – Lease payments are scheduled to increase 2% annually – Excellent hedge against inflation Absolute NNN Investment – Tenant takes care of Taxes, Insurance, Maintenance, Parking Lot, Roof and Structure CORPORATE SIGNATURE Stable & Profitable Tenant – BB&T has annual revenues of over $12.15 billion and over 2,049 branches across 15 states. Healthy Deposits – This BB&T location has 36.23% market share with over $84 million in deposits Investment Grade Credit – BB&T’s Long Term/Senior Debt credit is graded A- by S&P and A2 by Moody’s with a “Stable” outlook from both STRONG REAL ESTATE FUNDAMENTALS Philadelphia Suburb – Over 5,400 people in a 1-mile, 24,300 people in a 3-mile, and 74,600 in a 5-mile Attractive Average Household Incomes – $98,900 in a 1-mile, $100,200 in a 3-mile and 103,000 in a 5-mile Robust Traffic Counts – Strategically located on White Horse Pike which sees over 23,000 vehicles in average daily traffic

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 35-00303-0000-00001
  • 35-00601-0000-00001-0000-QFARM
Land Assessment
$188,300
Improvements Assessment
$569,400
Total Assessment
$757,700
  • Listing ID: 14440695

  • Date on Market: 11/19/2018

  • Last Updated:

  • Address: 249 White Horse Pike, Atco, NJ 08004

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