475 Haddonfield Rd | Cherry Hill, NJ 08002
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475 Haddonfield Rd
Cherry Hill, NJ 08002
Republic Bank Ground Lease · Retail Property For Sale
Investment Highlights
- Prime Location at the Junction of Haddonfield Road and Route 38. Haddonfield Road has over 38,000 cars/day and Route 38 has over 58,000 cars/day
- Just under 13 years remaining on the current term of the lease with 10% rent increases every 5 years and 4-5 year renewal options with FMV at each opt
- $172M Deposits at this branch
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,372 SF
Year Built
1990
Price
$2,567,000
Price Per SF
$761
Cap Rate
6%
NOI
$154,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.23 AC
Parking
100 Spaces (29.66 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 09-00176-01-00001 | Improvements Assessment | $11,921,200 |
| Land Assessment | $1,784,600 | Total Assessment | $13,062,800 |
PROPERTY TAXES
Parcel Number
09-00176-01-00001
Land Assessment
$1,784,600
Improvements Assessment
$11,921,200
Total Assessment
$13,062,800
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