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Saigon Plaza 5201 Route 38

44,490 SF 100% Leased Retail Building Pennsauken, NJ 08109 £8,606,950 (£193/SF) 7.15% Net Initial Yield

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Investment Highlights

The subject property sits on 4.40 Acres and strategically located on Route 38 with phenomenal traffic counts exceeding 47K VPD
Well positioned and angled for consumers to access the center and coupled with one of the best billboard signs on Route 38
Current ownership spent $150K on the parking lot to stripe, seal, and paint it. Ownership also spent about $110K on the roof and facade.

Sun Seng Supermarket is a stable anchor that has been operating at this location for 13 years(2011) with 7 years remaining on the term.
Dense demographics where within a 3-mile radius the Population is $158K and the AHI is $84K

Saigon Plaza - Pennsauken, NJ - OM 2024

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

44,490 SF

Building Class

Year Built/Renovated

1981/2000

Price

£8,606,950

Price Per SF

£193

Net Initial Yield

7.15%

NOI

£615,776

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.23

Land Acres

4.40 AC

Zoning

N/Av, Pennsauken Twp

Parking

225 Spaces (5.06 Spaces per 1,000 SF Leased)

Frontage

631 ft on Kaighns Avenue

Amenities

Bus Route

Freeway Visibility

Pylon Sign

Signage

1 of 1

map
traffic

PROPERTY TAXES

Parcel Numbers	Multiple 27-06001-0000-00054 27-06001-0000-00054-0000-B01	Improvements Assessment	£1,584,148
Land Assessment	£577,996	Total Assessment	£2,162,144