At Home, Verizon, and QSR Coming Soon

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a multi-tenant property leased to At Home and Verizon, (the “Property”) in Turnersville, NJ, part of Washington Township and located just 18 miles southeast of Philadelphia. The property features two national tenants in At Home and Verizon with a national fast casual restaurant set to join them soon. At Home and Verizon’s leases both feature 10% rental increases in their remaining option periods. The property benefits from excellent visibility along NJ-42, a major thoroughfare boasting over 79,300 VPD. Additionally, the property is seconds away from the start of the Atlantic City Expressway, which boasts 47,800 VPD and runs directly to Atlantic City. Turnersville is situated 18 miles southeast of Philadelphia and contained within the Philadelphia MSA; the 7th largest metro area in the country that is home to a population of over 6.25 million people. The 5-mile area surrounding the Property exhibits excellent demographics with a population of over 183,000 and over 70,000 households. Additionally, the average household income within that same area sits at over $121,000.
PRIME LOCATION – The property benefits from excellent visibility along NJ-42, a major thoroughfare boasting over 79,300 VPD. Additionally, the property is seconds away from the start of the Atlantic City Expressway, which boasts 47,800 VPD and runs directly to Atlantic City.
NATIONAL FAST CASUAL TENANT COMING SOON – The center contains two national retailers, At Home and Verizon, with leases featuring 10% rental increases in each of their option periods. Additionally, a national fast casual restaurant chain will join the tenant mix of the property soon, bringing added value to the property.
NEWER ROOFS ON EACH BUILDING – Each of the buildings have roofs recently or newly installed. At Home’s roof is under a 20-Year Warranty which started in 2019, and Verizon’s roof was installed in 2017. The new fast casual dining restaurant will have a new roof done before they open for business. The newer roofs as well as At Home's roof warranty create a sense of security when it comes to lowering the future costs associated with owning the asset.
BUSTLING RETAIL CORRIDOR – The property is surrounded by a host of nearby, national retailers along NJ-42 (79,300 VPD) such as: Target, Walmart Supercenter, Lowe’s Home Improvement, Aldi, CVS Pharmacy, Kohl’s, Ashley, Five Below, PetSmart, Esporta Fitness, Harbor Freight Tools, Sherwin-Williams, Dollar Tree, Firestone, Caliber Collision, Meineke, Monro Tire, Jiffy Lube, T-Mobile, McDonald’s, Starbucks, Dunkin’, Chick-Fil-A, Popeyes, and Arby’s demonstrating the strength of the retail corridor.
DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the Property exhibits excellent demographics with a population of over 183,000 and over 70,000 households. Additionally, the average household income within that same area sits at over $121,000.
PHILADELPHIA MSA – Turnersville is situated 18 miles southeast of Philadelphia and contained within the Philadelphia MSA; the 7th largest metro area in the country which is home to a population of over 6.25 million people.