Family Dollar | 25 Fort Dix Rd
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Family Dollar 25 Fort Dix Rd
8,320 SF Retail Building Pemberton, NJ 08068 $1,917,000 ($230/SF) 7.50% Cap Rate
Investment Highlights
- Corporate Absolute NNN lease with Zero Landlord Responsibilities
- Oversized 3.4 Acre Parcel
- Located Near Wawa, PNC Bank, Burger King, Enterprise Rent-A-Car and Others
- Attractive 10% Increases Every Five Years
- Fortune 500 Company with an S&P Investment Grade Credit Rating of “BBB”
- Affluent Demographics with Average Household Income Exceeding $111,000 within Five Miles
Executive Summary
The subject property is a Family Dollar located at 25 Fort Dix Road in Pemberton, New Jersey. The site consists of approx. 8,320 rentable
square feet of building space on an estimated 3.4-acre parcel of land. This Family Dollar has approx. six years remaining on an absolute
triple-net (NNN) lease. There are attractive 10% increases every five years in both the base term and in each of the six, five-year renewal
options.
square feet of building space on an estimated 3.4-acre parcel of land. This Family Dollar has approx. six years remaining on an absolute
triple-net (NNN) lease. There are attractive 10% increases every five years in both the base term and in each of the six, five-year renewal
options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
B
Year Built
2015
Price
$1,917,000
Price Per SF
$230
Cap Rate
7.50%
NOI
$143,746
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.39 AC
Zoning
NEC - Neighborhood Commercial
Parking
38 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
188 FT on Fort Dix Road
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 29-00799-0000-00002-02 | Improvements Assessment | $674,400 |
Land Assessment | $423,800 | Total Assessment | $1,098,200 |
PROPERTY TAXES
Parcel Number
29-00799-0000-00002-02
Land Assessment
$423,800
Improvements Assessment
$674,400
Total Assessment
$1,098,200
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Family Dollar | 25 Fort Dix Rd
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