Listing Contacts
Kenneth Yanni
License: PA RS323884
Bart Delfiner
License: PA RS223488L
Asking Price
$4,304,348
Address
3403 S Delsea Dr
Vineland, NJ
Property Details
Asking Price
$4,304,348
Property Type
Retail
Tenancy
Multi
Number of Tenants
2
Square Footage
9,714
Price/Sq Ft
$443.11
Cap Rate
5.75%
NOI
$247,500
Units
2
Year Built
2020
Buildings
2
Lot Size (acres)
2.648
Ownership
Fee Simple
Property Description

Equity Retail Brokers is pleased to exclusively offer for sale to qualified investors the fee simple interest in two new construction single-tenant net lease retail properties in Vineland, NJ. The tenants, Mavis Discount Tire and Burger King, are “essential services” businesses with continued strong performance in 2020. Each lease features attractive rental increases through the initial lease term and extension options, as well as minimal landlord responsibilities.

The subject property is located on South Delsea Drive, a main thoroughfare of Vineland, which has over 30,000 vehicles per day. Surrounding retail includes Lowe’s, Walmart, ShopRite, Cumberland Mall, Tractor Supply, Wawa, Target, and many more.

Vineland is a city in Cumberland County, New Jersey which is conveniently located between Philadelphia and the New Jersey shore points - approximately 40 miles to both.

Property Highlights
AMAZON-PROOF & RECESSION-PROOF ESSENTIAL BUSINESSES
WITH LONGTERM STABLE INCOME

Tenant: Mavis Discount Tire
  • Number of Locations: 830+
  • Lease Term: 10 Years
  • Operator / Guarantor: Mavis Corporate
Tenant: Burger King
  • Number of Locations: 40+
  • Lease Term: 20 Years
  • Operator / Guarantor: Devs Foods LLC