202 Kings Hwy, Haddonfield, NJ 08033

6,558 SF | Retail Building | Haddonfield, NJ 08033 | $1,809,500 ($276/SF) | 5.25% Cap Rate

Asking Price $1,809,500

Property Type: Retail
Square Feet: 6,558 SF
Price / Square Foot: $276

Listing Contacts

Christopher Pappas

Michael Cardone

Property Overview

-CVS/Pharmacy with Limited Landlord Responsibilities: Double Net (NN) CVS/pharmacy with Full Basement Located on a Highly Trafficked Section of Kings Highway East (12,000 Vehicles Per Day (VPD)) in Downtown Haddonfield, Camden County, New Jersey
-Recently Extended Lease Showing Tenant Commitment: CVS/pharmacy Has Occupied this Site Since 1979 and Recently Extended Its Lease Early For an Additional 5-Years Showing Continued Commitment to a Location at Which They’ve Operated for 40+ Years
-Wealthiest Town in Camden County w/Dense Demographics: Haddonfield is the Wealthiest Town in Camden County with an Average Household Income Over $177,000 Within a One-Mile Radius and Over 330,000 People Living Within a 5-Mile Radius
-Within Walking Distance to PATCO Haddonfield Station: Walking Distance from PATCO Haddonfield Station Connecting Local Residents to Philadelphia and Providing Potential for Material Price Appreciation via Future Transit Oriented Development
-True Philadelphia MSA Location - 6th Largest City in the US: Subject Property is Positioned in the Philadelphia-Camden-Wilmington MSA, Anchored by the City of Philadelphia which Ranks as the 6th Largest City in America with Over 1.6 Million Residents
-Investment Grade Credit: Lease Corporately Guaranteed by CVS Health, the 6th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB and Over $169 Billion in Total Revenue (2022)
-Recent Capital Improvements: Roof Replaced in 2023 and Includes a 20-Year GAF Warranty

Property Details

Class: C
Year Built: 1956
Stories: 1
Property Subtype: Drug Store
Lot Size (sq. ft): 13,939 SF

Highlights

CVS/pharmacy in Downtown Haddonfield, NJ with Limited Management
40+ Year Presence at the Site with Recent 5-Year Lease Extension Showing Tenant Commitment
Wealthiest Town in Camden County (Avg. HH Income $177,000+) with Over 330k People in a 5-Mile Radius
Within Walking Distance to PATCO Haddonfield Station (Direct Connection to Downtown Philadelphia)
True Philadelphia MSA Location - 6th Largest City in the US with Over 1.6 Million Residents
Investment Grade Credit Lease Guarantee

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