279 Fish Pond Rd, Sewell, NJ 08080
10,566 SF | Retail Building | Sewell, NJ 08080 | $2,491,869 ($236/SF) | 6.15% Cap Rate
Asking Price $2,491,869
- Property Type
-
Retail
- Square Feet
- 10,566 SF
- Price / Square Foot
- $236
Listing Contacts
- Property Info
Property Overview
The subject property is a newly constructed freestanding site for Dollar General located in Sewell, NJ (Philadelphia MSA). The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.
This location benefits from its excellent visibility and frontage on the corner of Fish Pond Rd and Pitman Downer Rd, major thoroughfares through Sewell which combined boasts over 13,300 vehicles per day. The 5-mile population is over 130,251 people with an average household income of over $134,000 and expected population growth of 2.22% over the next 5 years. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Glassboro, NJ which is home to Rowan University which enrolls over 22,000 students. The site is only 21 miles to downtown Philadelphia, PA, 46 miles to Atlantic City, NJ, 33 miles to Wilmington, DE, 105 miles to New York City, and 101 miles to Baltimore, MD.
This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
This location benefits from its excellent visibility and frontage on the corner of Fish Pond Rd and Pitman Downer Rd, major thoroughfares through Sewell which combined boasts over 13,300 vehicles per day. The 5-mile population is over 130,251 people with an average household income of over $134,000 and expected population growth of 2.22% over the next 5 years. This Dollar General is strategically centered between major east coast cities and just minutes from downtown Glassboro, NJ which is home to Rowan University which enrolls over 22,000 students. The site is only 21 miles to downtown Philadelphia, PA, 46 miles to Atlantic City, NJ, 33 miles to Wilmington, DE, 105 miles to New York City, and 101 miles to Baltimore, MD.
This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store
- Lot Size (sq. ft)
- 84,506 SF
Highlights
- Brand New 2024 Construction
- New 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
- Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
- 5-Mile Population Exceeds 130,000 Residents w/ AHHI Over $134,000 & 2.22% Expected Growth Over the Next 5-Years
- Minutes to Downtown Glassboro, NJ which is Home to Rowan University which Enrolls Over 22,000 Students
- 21-Miles to Downtown Philadelphia, 46-Miles to Atlantic City, 33-Miles to Wilmington, & Just 105-Miles to New York City
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