2897-2919 New Brooklyn Erial Rd | Sicklerville, NJ 08081
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2897-2919 New Brooklyn Erial Rd
Sicklerville, NJ 08081
Retail Property For Sale
Executive Summary
Garwood Plaza is a +/- 12,000-square-foot freestanding retail center on a heavily traveled thoroughfare surrounded by dense residential neighborhoods. 2897-2919 New Brooklyn Erial Road is positioned in a highly visible location with prominent pylon and building signage directly in front of about 20,000 vehicles daily. This retail property is encompassed by a largely affluent community in Sicklerville, where the average household income is nearly $100,000 within a five-mile radius. The population includes 183,145 residents within the same mileage who expended over $2.2 billion annually in the neighborhood.
2897-2919 New Brooklyn Erial Road is an excellent value-add cash-flowing investment opportunity for a new investor to acquire a 63% occupied asset. The tenant that occupies 4,500 SF is on a month-to-month lease, where the new owner has the right to terminate given a 60-day notice. Businesses, tenants, and future consumers can appreciate the easy accessibility from Little Mill & Erial Clementon Roads while also being bordered by numerous nearby amenities. Nationally renowned conveniences within a brief six miles include Walmart Supercenter, Sam’s Club, McDonald’s, Rite Aid, The Home Depot, Wendy’s, Tractor Supply Company, Wawa, Taco Bell, CarMax, Planet Fitness, and two Targets. The Gloucester Premium Outlets are less than a three-mile commute and can drive an even further attraction to the Garwood Plaza by housing household named factory stores such as Nike, Under Armor, PUMA, Adidas, Reebok, Levi’s, GUESS, Express, Calvin Klein, and more.
The shopping center is situated in a business-friendly environment as Sicklerville is considered one of the fastest-growing towns in New Jersey. Garwood Plaza is primed to offer a new investor an exceptional opportunity to fill the remaining space at increased market rent and continue to drive revenue while being in the heart of prosperous neighborhoods.
Property tours are available by appointment only. Please contact the broker to schedule.
2897-2919 New Brooklyn Erial Road is an excellent value-add cash-flowing investment opportunity for a new investor to acquire a 63% occupied asset. The tenant that occupies 4,500 SF is on a month-to-month lease, where the new owner has the right to terminate given a 60-day notice. Businesses, tenants, and future consumers can appreciate the easy accessibility from Little Mill & Erial Clementon Roads while also being bordered by numerous nearby amenities. Nationally renowned conveniences within a brief six miles include Walmart Supercenter, Sam’s Club, McDonald’s, Rite Aid, The Home Depot, Wendy’s, Tractor Supply Company, Wawa, Taco Bell, CarMax, Planet Fitness, and two Targets. The Gloucester Premium Outlets are less than a three-mile commute and can drive an even further attraction to the Garwood Plaza by housing household named factory stores such as Nike, Under Armor, PUMA, Adidas, Reebok, Levi’s, GUESS, Express, Calvin Klein, and more.
The shopping center is situated in a business-friendly environment as Sicklerville is considered one of the fastest-growing towns in New Jersey. Garwood Plaza is primed to offer a new investor an exceptional opportunity to fill the remaining space at increased market rent and continue to drive revenue while being in the heart of prosperous neighborhoods.
Property tours are available by appointment only. Please contact the broker to schedule.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,200 SF
Building Class
B
Year Built
2000
Price
$1,800,000
Price Per SF
$148
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.49 AC
Zoning
NC - Neighborhood Commercial
Parking
89 Spaces (7.42 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $692,700 | |
Land Assessment | $411,300 | Total Assessment | $1,104,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$411,300
Improvements Assessment
$692,700
Total Assessment
$1,104,000
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