Listing Contacts
Kenneth Yanni
License: PA RS323884
Edward Ginn
License: PA RM050201A
Alex Goldstein
License: NJ 0893676
Asking Price
$7,600,520
Address
3600 Route 42
Washington Township, NJ
Property Details
Asking Price
$7,600,520
Property Type
Retail
Tenant Credit
Corporate Guarantee
Tenancy
Single
Square Footage
5,400
Price/Sq Ft
$1,407.50
Cap Rate
5.00%
Occupancy
100%
NOI
$380,026
Year Built
2008
Permitted Zoning
HC
Lot Size (acres)
1.87
Parking (per unit)
30
Ground Lease
Yes
Ownership
Ground Lease
Property Description
- Corporate Guarantee from Wells Fargo (S&P Rated: AA-)
- The Lease is Subject to 13.5% Rental Increases Every 5 Years

- This Ground Lease has No Landlord Responsibilities
- Located at the Signalized Intersection of Black Horse Pike (Rt 42) and Stagecoach Road, this Branch is Exposed to Over 26,782 VPD
- Nearby Retailers Include Walmart, McDonald's, Ross, Marshalls, Party City, Target, Turnersville Auto Mall (Audi, Ford, Acura, BMW, Cadillac, Chevrolet, Honda, Nissan, Toyota, and Hyundai
- Wells Fargo is the 12th Largest Bank in the World and 2nd Largest Bank in the United States

Property Highlights
  • Price: $7,600,520
  • Cap Rate: 5.00%
  • NOI: $380,026
  • Lease Type: Ground
  • Term Remaining: 9.5 Years