301 Millstream Rd, Cream Ridge, NJ 08514
6,667 SF | 100% Leased | Retail Building | Cream Ridge, NJ 08514 | $2,524,038 ($379/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,524,038
- Property Type
-
Retail
- Square Feet
- 6,667 SF
- Price / Square Foot
- $379
Listing Contacts
Glen Kunofsky
Verified Profile
Matthew Anuszkiewicz
Verified Profile
Robert Stein
Verified Profile
Andrew Darby
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 301 E Millestream Road in Cream Ridge, NJ. The site consists of roughly 6,667 rentable square feet of building space on estimated 0.78-acre parcel of land. This Mavis is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $164,063 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
Property Details
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Freestanding, Vehicle Related
- Lot Size (sq. ft)
- 113,256 SF
Highlights
- Long Term 20-Year Sale-Leaseback
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
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