320 E Jimmie Leeds Rd | Absecon, NJ 08205
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- LoopNet Team
320 E Jimmie Leeds Rd
Absecon, NJ 08205
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new NNN lease with a full 10-year term and four, 5-year options to renew, limited landlord responsibilities, and no termination clause.
- Drive-thru, multiple points of ingress/egress, and a large, 1.32 acre parcel well-suited to redevelopment should the current tenant ever vacate
- significant frontage on E. Jimmie Leeds Road (15,602 VPD), just hundreds of feet from its signalized intersection with S. Pitney Road (14,407 VPD)
- Guaranteed by Starbucks Corporation (NASDAQ: SBUX): investment grade credit rating (S&P BBB+), 35,700+ locations world wide and 2022 revenue of $32.2B
- Close proximity to regional employers and complementary uses: AtlantiCare Regional Medical Center, Stockton University & Atlantic City Int'l Airport
- Average Household Incomes in the 5 miles surrounding the property range from $97,256 - $112,325.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,054 SF
Building Class
B
Year Built/Renovated
2001/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.32 AC
Zoning
CVC
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 11-00982-0000-00021 | Improvements Assessment | $468,500 |
| Land Assessment | $331,500 | Total Assessment | $800,000 |
PROPERTY TAXES
Parcel Number
11-00982-0000-00021
Land Assessment
$331,500
Improvements Assessment
$468,500
Total Assessment
$800,000
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