Listing Contacts
Kenneth Yanni
License: PA RS323884
Edward Ginn
License: PA RM050201A
Asking Price
$3,931,506
Address
222 S White Horse Pike
Stratford, NJ
Property Details
Asking Price
$3,931,506
Property Type
Retail
Investment Type
Net Lease
Lease Type
NN
Tenant Credit
Corporate Guarantee
Tenancy
Single
Lease Term
10 years
Lease Commencement
11/01/2017
Lease Expiration
10/31/2027
Remaining Term
8 years
Square Footage
32,000
Price/Sq Ft
$122.86
Cap Rate
7.30%
Units
1
Year Built
1964
Year Renovated
2019
Property Description
The Goodwill Store located in Stratford, NJ is a 32,000 SF building in the Bradlee Plaza on White Horse Pike. Only 0.1 mile from the Lindenwold PATCO station and surrounded by a dense residential community. To be renovated in 2019 and will have additional traffic generators such as a connection road between the subject property, Rowan University College of Osteopathic Medicine / Jefferson Health (Stratford) and the Lindenwold train station.
Property Highlights
  • 9 years remaining on recent 10 year extension
  • 10% rental increases every five years
  • NN lease - LL responsible for roof & structure
  • To be renovated (at Goodwill's cost) in 2019