107K SF Value-Add Shopping Center
107K VALUE-ADD SHOPPING CENTER
Atlantic County, NJ
PRICE $15,060,000
GLA 107,000 SF
PROPERTY TYPE Shopping Center
CAP RATE 8.6%
OCCUPANCY 89%
YEAR BUILT 1987/2004
Atlantic County, NJ
PRICE $15,060,000
GLA 107,000 SF
PROPERTY TYPE Shopping Center
CAP RATE 8.6%
OCCUPANCY 89%
YEAR BUILT 1987/2004
DEMOGRAPHICS
Population 5,805
Per Capita Inc $36,557
Median HH Inc $77,661
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INVESTMENT HIGHLIGHTS
- The center provides a buyer with relative tenant stability
- Great value-add opportunity with 12,000 square feet available for lease, allowing the next owner to eventually increase the net operating income
- 100% of the tenants are national credit tenants
- Lease expirations range from the end of 2025 through the end of 2028
- The center is surrounded by national retailers like Walmart, Target, Hobby Lobby, Macy’s, H&M, Kohl’s, and more
- Within a five-mile radius, there are over 44,000 people that have an average household income of over $94,500
| Price: | $15,060,000 |
| City: | Atlantic County |
| State: | NJ |
| Square Feet: | 107,000 SF |
| Price: | $15,060,000 |
| Cap Rate: | 8.6% |