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782-798 Emerson St 13,000 SF 100% Leased Retail Building Lindenwold, NJ 08021 $3,000,000 ($230.77/SF) 6.91% Cap Rate
Investment Highlights
- A neighborhood shopping plaza with over 60 years of continuous operation, situated within a densely populated residential community.
- Features a well-established tenant mix that includes a laundromat, convenience store, tobacco shop, Chinese restaurant, deli, and Spanish grocery.
- Provides approximately 60 on-site parking spaces and prominent pylon signage at a signalized intersection for easy accessibility and visibility.
- Improved with a 13,000 SF retail building on approximately one acre, offering frontage along Emerson Avenue and ample surface parking.
- Located opposite a similarly sized shopping center, fostering complementary retail activity and steady consumer foot traffic.
- The property lies within an Opportunity Zone, creating the potential for favorable tax incentives for qualified investors.
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.
A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price.
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 current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.
A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price.
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 current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
C
Year Built
1966
Price
$3,000,000
Price Per SF
$230.77
Cap Rate
6.91%
NOI
$207,200
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
47 Spaces (3.62 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 | Total Assessment | $1,579,000 |
| Land Assessment | $260,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,319,000 | Tax Year | 2026 |
Property Taxes
Parcel Number
22-00134-01-00010
Land Assessment
$260,000
Improvements Assessment
$1,319,000
Total Assessment
$1,579,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
782-798 Emerson St