475 Haddonfield Rd | Cherry Hill, NJ 08002
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475 Haddonfield Rd
Cherry Hill, NJ 08002
Republic Bank Ground Lease · Retail Property For Sale
Investment Highlights
- Prime Location at the Junction of Haddonfield Road and Route 38. Haddonfield Road has over 38,000 cars/day and Route 38 has over 58,000 cars/day
- Just under 13 years remaining on the current term of the lease with 10% rent increases every 5 years and 4-5 year renewal options with FMV at each opt
- $172M Deposits at this branch
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,372 SF
Year Built
1990
Price
£2,057,451
Price Per SF
£610
Net Initial Yield
6%
NOI
£123,431
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.23 AC
Parking
100 Spaces (29.66 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 09-00176-01-00001 | Improvements Assessment | £9,554,842 |
| Land Assessment | £1,430,357 | Total Assessment | £10,469,834 |
PROPERTY TAXES
Parcel Number
09-00176-01-00001
Land Assessment
£1,430,357
Improvements Assessment
£9,554,842
Total Assessment
£10,469,834
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