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300 S Black Horse Pike 2,734 SF Retail Building Bellmawr, NJ 08031 $3,250,000 ($1,188.73/SF) 5.19% Cap Rate



Investment Highlights
- Site Commitment & Lease Term
- Zero Management Responsibilities
- Strategic Retail Location
- Attractive Rent Increases
- Strong Operator
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Wendy’s Investment Property located at 300 South Black Horse Pike in Bellmawr, New Jersey (the “Property”). Wendy’s has a long operating history at the Property and in 2019 demonstrated their ongoing commitment to the site by signing a brand-new, 15-Year Absolute NNN Lease. There are currently over 8 years of term remaining on the lease followed by eight (8), 5-year renewal options. The lease calls for attractive 2.00% annual rent increases throughout the base term and renewal options. Wendy’s is well positioned along S Black Horse Pike (Route 168), a primary commercial corridor serving Bellmawr and the greater Camden County trade area. The Property offers strong frontage and visibility along this heavily traveled thoroughfare and benefits from immediate access to Route 42, Interstate 295, and the New Jersey Turnpike (I-95), providing excellent regional connectivity. Surrounded by national retailers, restaurants, and established residential neighborhoods, the site enjoys consistent consumer traffic and a built-in customer base, further supported by its proximity to Deptford Mall, a dominant regional shopping destination.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,734 SF
Building Class
C
Year Built
2015
Price
$3,250,000
Price Per SF
$1,188.73
Cap Rate
5.19%
NOI
$168,687
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.52 AC
Zoning
C
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00147-0000-00001 | Improvements Assessment | $423,100 |
| Land Assessment | $299,800 | Total Assessment | $722,900 |
Property Taxes
Parcel Number
04-00147-0000-00001
Land Assessment
$299,800
Improvements Assessment
$423,100
Total Assessment
$722,900
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