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Burger King | Mavis Discount Tire 3403 S Delsea Dr 9,450 SF 100% Leased Retail Building Vineland, NJ 08360 $4,239,130 ($448.59/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Absolute Net Leases
- In Close Proximity to Cumberland Mall
- Attractive Rental Increases to Hedge Against Inflation
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Burger King located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 2,750 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/17/2021. The current annual rent is $112,500 and has scheduled increases of 10.00% every 5 years.
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 6,700 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/16/2021. The current annual rent is $131,250 and has scheduled increases of 5.00% every 5 years.
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 6,700 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/16/2021. The current annual rent is $131,250 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,450 SF
Building Class
C
Year Built
2021
Price
$4,239,130
Price Per SF
$448.59
Cap Rate
5.75%
NOI
$243,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.04
Lot Size
5.30 AC
Zoning
B-3 - New development business.
Parking
33 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-07004-0000-00033 | Improvements Assessment | $1,421,800 |
| Land Assessment | $212,100 | Total Assessment | $1,633,900 |
PROPERTY TAXES
Parcel Number
14-07004-0000-00033
Land Assessment
$212,100
Improvements Assessment
$1,421,800
Total Assessment
$1,633,900
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Burger King | Mavis Discount Tire | 3403 S Delsea Dr
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