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403 Delsea Dr 3,500 SF Retail Building Malaga, NJ 08328 $1,385,000 ($395.71/SF) 4.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive Low Rent Ground Lease with 1+ Year Remaining in Term | 1.41 Acre Lot
- Strong Commitment to the Site with 25+ Years at this Location | Full Remodel with Double Drive-Thru Added in 2015
- Lease Supports Three, 5-Year Options with Strong 10% Rent Increases in Each Option
- Zero Landlord Responsibilities | Ideal for Passive or Out of State Investors
- Corporate Guarantee | World's Largest Restaurant Chain by Revenue | NASDAQ: MCD | S&P Rated BBB+
- High Volume Traffic Location | Visible and Accessible From Delsea Dr and West Blvd | Traffic Counts Exceed 29,578 VPD+
EXECUTIVE SUMMARY
Attractive Low Rent Ground Lease with 1+ Year Remaining in Term | 1.41 Acre Lot
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
C
Year Built
2001
Price
$1,385,000
Price Per SF
$395.71
Cap Rate
4.53%
NOI
$62,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.41 AC
Zoning
MV
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
58’ on Delsea Dr
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 05-05101-0000-00027 | Improvements Assessment | $597,300 |
| Land Assessment | $368,300 | Total Assessment | $965,600 |
PROPERTY TAXES
Parcel Number
05-05101-0000-00027
Land Assessment
$368,300
Improvements Assessment
$597,300
Total Assessment
$965,600
CONTACTS
-
Deno Bistolarides -
Nick Yaldo -
Brent Hanna -
Encore Real Estate Investment Services
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403 Delsea Dr
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