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1420 Almonesson Rd
Deptford, NJ 08096
Avalon Flooring at Deptford Mall · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
ABOUT 1420 ALMONESSON RD , DEPTFORD, NJ 08096
Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this Avalon Flooring (the “Tenant”) in Deptford, New Jersey, a dense Philadelphia suburb. Replacing Office Depot in 2012, Avalon Flooring is an expanding 15-unit operator in Pennsylvania, New Jersey and Delaware. The Tenant has eight years and nine months remaining on its net lease with a $1-per-square-foot increase forthcoming in 2022 and every five years thereafter. Astute buyers will appreciate that the lease requires tenant financials and store sales reporting. This location reports upwards trending/steady store sales of $189-per-square-foot which equates to a healthy eight percent (8%) rent-to-sales ratio. The sales trend has been positive with three percent (3%) average growth over the last five years. Avalon Flooring is a privately held company that has been family-owned and operated since 1963 and provides an investor an “amazon-resilient” use. Financially, the company has performed well chain-wide; top line sales across the chain have increased over one percent year-over-year since 2016.
PROPERTY TAXES
| Parcel Number | 02-00199-03-00002 | Improvements Assessment | $2,095,700 |
| Land Assessment | $2,804,300 | Total Assessment | $4,900,000 |
PROPERTY TAXES
