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782-798 Emerson St 13,000 SF 100% Leased Retail Building Lindenwold, NJ 08021 $3,300,000 ($253.85/SF) 5% Cap Rate



Executive Summary
A well-established neighborhood shopping plaza with over 60 years of operating history in Lindenwold, NJ is being offered for sale. The property is situated on approximately 1 acre and is improved with a 13,000 SF retail building configured into seven (7) units. Currently, one unit is vacant (as of two months ago), and ownership is in the process of securing a replacement tenant, with leasing activity indicating an imminent occupancy. The property is strategically located within a densely populated residential area, providing a stable customer base and strong appeal to local retail and service-oriented tenants. Additionally, the presence of a similarly sized shopping center directly across the street enhances foot traffic and creates synergistic retail activity. The tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, and Spanish grocery store, all of which contribute to consistent in-place income and neighborhood demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
C
Year Built
1966
Price
$3,300,000
Price Per SF
$253.85
Cap Rate
5%
NOI
$165,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
B1; Lindenwold, Boro
Parking
60 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00134-01-00010 | Improvements Assessment | $730,000 |
| Land Assessment | $178,600 | Total Assessment | $908,600 |
Property Taxes
Parcel Number
22-00134-01-00010
Land Assessment
$178,600
Improvements Assessment
$730,000
Total Assessment
$908,600
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782-798 Emerson St
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