5014 Route 130 N
Delran, NJ 08075
Retail Property For Sale

Wireless Tower and Bakery In Prime NJ Location Large two carrier cell phone tower (Verizon and T-Mobile) operated by American Tower with a revenue share of 25% built into the ground lease- each additional wireless carrier that is added to the tower results in additional rent to the owner. At times, as many as four carriers, have occupied the installation. The ground lease expires in 2022, guaranteeing tremendous upside for a future investor. There is no right of first refusal in the current ground lease. As per the lease, the tower company has been consistently reimbursing 70% of the annual real estate tax bill. In addition to the cellular revenue, there is a bakery on the property, which has been continually leased to local operators. 5014 Route 130 Delran NJ 08075 Bakery $1,000.00 American Tower Rent $1,035.50 Co- Location $1,419.80 $3,455.30 $41,463.60 Expenses Insurance $1,000.00 Re Taxes $3,167.49 $4,167.49 Net Annual Income $37,296.11 Call Avi 5014 Route 130 is a high traffic location in a prime New Jersey location near the Tacony-Palmyra Bridge. Property is near many other national tenants including: Wawa, Subway, McDonalds, Taco Bell and Dunkin' Donuts. Along with the income producing elements of the property, the prospective buyer will also gain an acre of land included in the sale.