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Flagship Car Wash 2791 S Delsea Dr 12,660 SF Retail Building Vineland, NJ 08360 $8,346,457 ($659.28/SF) 6.35% Cap Rate
Investment Highlights
- Bonus Depreciation Opportunity
- Signalized Corner with Exceptional Traffic Exposure
- Proximity to Inspira Medical Center Vineland
- Flagship Carwash Corporate Guarantee
- Proximity to Rowan College of South Jersey — Cumberland Campus
- Prime South Jersey Location Near Jersey Shore Destinations
Executive Summary
Surmount is pleased to present the exclusive listing for a Flagship Carwash located at 2791 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 12,660 rentable square feet of building space on an estimated 1.41-acre parcel of land. Flagship Carwash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $530,000 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,660 SF
Building Class
C
Year Built
2008
Price
$8,346,457
Price Per SF
$659.28
Cap Rate
6.35%
NOI
$530,000
Tenancy
Single
Building Height
1 Story
Zoning
B2
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-07002-0000-00001 | Improvements Assessment | $1,519,900 |
| Land Assessment | $860,500 | Total Assessment | $2,380,400 |
Property Taxes
Parcel Number
14-07002-0000-00001
Land Assessment
$860,500
Improvements Assessment
$1,519,900
Total Assessment
$2,380,400
Contacts
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James Westerberg -
RJ Stein -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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