Listing Contacts
Kenneth Yanni
License: PA RS323884
Bart Delfiner
License: PA RS223488L
Asking Price
$3,904,761
Address
3002 Mount Ephraim Ave
Haddon Township, NJ
Property Details
Asking Price
$3,904,761
Property Type
Retail
Investment Type
Net Lease
Lease Type
NN
Tenant Credit
Corporate Guarantee
Tenancy
Single
Lease Term
41.1 years
Lease Commencement
12/23/1996
Lease Expiration
01/31/2038
Remaining Term
18.2 years
Square Footage
9,720
Cap Rate
5.25%
Occupancy
100%
NOI
$205,000
Year Built
1997
Lot Size (sq ft)
1.01
Parking (spaces)
30
Ownership
Fee Simple
Property Description
Equity Retail Brokers is pleased to offer for sale to qualified investors an opportunity to acquire a well-established CVS in a densely populated Haddon Township, NJ. The property is located on the corner of Mt. Ephraim Avenue and Collings Avenue, with access to/from Eldridge Ave. Mt. Ephraim Avenue is one of the main thoroughfares through the Camden retail market and leads directly into the Black Horse Pike, one of the most heavily travelled roads in South Jersey. The subject property is located within one mile of the Walt Whitman Bridge (leading into Philadelphia), and is a direct path to neighborhoods to the north of the bridge. 

CVS has been operating at this location since 1997 and has a strong commitment, recently signing a 20 year lease extension. The subject property is on an NN lease, with the Landlord responsible for roof & structure.

Property Highlights
  • 20 Year Rent Extension in January 2018
  • 9,720 SF Freestanding Drug Store
  • Densely populated area with over 145,098 within 3 miles
  • Located 2.5 miles from Philadelphia