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Vive Collision 200 Centennial Blvd 8,767 SF 100% Leased Retail Building Voorhees, NJ 08043 $3,201,231 ($365.15/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Strong Private Equity Backing
- Recession-Resistant Industry
- Large Lot
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a VIVE Collision (DBA First Choice Collision) located at 200 Centennial Blvd., Voorhees Township, NJ 08043. The site consists of roughly 8,767 rentable square feet of building space on an estimated 1.95-acre parcel of land. This VIVE Collision (DBA First Choice Collision) is subject to a 20-year Triple Net (NNN) lease, which commenced 10/2/2023. The current annual rent is $208,080 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,767 SF
Building Class
C
Year Built
1979
Price
$3,201,231
Price Per SF
$365.15
Cap Rate
6.50%
NOI
$208,080
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
1.95 AC
Zoning
EIB
PROPERTY TAXES
| Parcel Number | 34-00206-0000-00002-01 | Improvements Assessment | $573,000 |
| Land Assessment | $780,000 | Total Assessment | $1,353,000 |
PROPERTY TAXES
Parcel Number
34-00206-0000-00002-01
Land Assessment
$780,000
Improvements Assessment
$573,000
Total Assessment
$1,353,000
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Vive Collision | 200 Centennial Blvd
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