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Bon-Ton Plaza 3143 Fire Rd

8,731 SF 85% Leased Retail Building Egg Harbor Township, NJ 08234 £1,486,655 (£170/SF) 6.51% Net Initial Yield

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Investment Highlights

8,731 square foot strip center featuring six(6) tenants on a little less than 1 acre(.9) on Fire Road featuring 22K VPD
Opportunity for an investor to convert the leases to fully triple net to cover the property taxes
The site runs parallel to the Garden State Parkway(60K VPD) and close to the AC Expressway (22,600 VPD) and Tilton Road (27K VPD)

Current ownership is the original builder and has owned this property for 30+ years
65% of the GLA has been operating at this location for over a decade

Executive Summary

84.6% OCCUPIED STRIP CENTER OPPORTUNITY WITH EXCELLENT REAL ESTATE FUNDAMENTALS
8,731 square foot strip center featuring six(6) tenants on a little less than 1 acre(.9) on Fire Road featuring 22K VPD.

Bonton Plaza - Egg Harbor Twp, NJ - Executive Summary

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

8,731 SF

Building Class

Year Built

1992

Price

£1,486,655

Price Per SF

£170

Net Initial Yield

6.51%

NOI

£96,845

Percent Leased

85%

Tenancy

Multiple

Number of Floors

Building FAR

0.22

Land Acres

0.91 AC

Zoning

RCD - provide a means whereby clusters of attached and detached single-family residential units may be constructed in any Residential Zones

Parking

44 Spaces (5.04 Spaces per 1,000 SF Leased)

Frontage

191 ft on FIRE ROAD

Amenities

Signage

Tenant Controlled HVAC

Air Conditioning

Space Availability

D
1,345 SF
Office/Retail
-
Now

GREAT VISIBILITY & EXPOSURE ON A HIGH TRAFFIC STREET EASY ON/OFF GARDEN STATE PARKWAY LOCAL AREAS INCLUDE EGG HARBOR TWP, NORTHFIELD, LINWOOD, SOMERS POINT, MARGATE, VENTNOR, LONGPORT, OCEAN CITY, ATLANTIC CITY IDEAL FOR RETAIL, PROFESSIONAL OFFICE