279 Fish Pond Rd Sewell, NJ 08080
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Property Features for 279 Fish Pond Rd
General Information
- Property type
- Other retail properties
- Square Feet
- 10,566 SF
- Price / Square Foot
- $223
- Elevators
- N/A
- Net Rentable
- 10,566 SF
- Lot Size
- 84,506 SF
- Net Operating Income
- $153,250
Building Details
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
Overview
Dollar General NNN Lease Investment
This property presents an investment opportunity with a newly constructed, freestanding Dollar General store in Sewell, New Jersey, within the Philadelphia MSA. The property features a new 15-year absolute NNN lease with 5% rental increases every five years, extending through four five-year option periods, eliminating landlord responsibilities. The lease is backed by a corporate guarantee from Dollar General, an investment-grade credit tenant rated BBB by Standard & Poor's. The property has visibility and frontage on Fish Pond Rd and Pitman Downer Rd, with a combined daily traffic count exceeding 13,300 vehicles. The surrounding area demonstrates demographics, with a population exceeding 130,251 within a five-mile radius and an average household income over $134,000. Population growth of 2.22% is projected over the next five years. Its location offers access to downtown Glassboro, New Jersey, home to Rowan University with over 22,000 students, Philadelphia (21 miles), Atlantic City (46 miles), Wilmington, DE (33 miles), New York City (105 miles), and Baltimore, MD (101 miles). The building is 10,566 square feet and sits on a 1.94-acre lot. The asking price is $2,357,692, generating a net operating income of $153,250.
HighLights
- New 15‑year absolute NNN lease with Dollar General, including rare 5% rent increases every 5 years.
- High‑traffic location in Sewell, NJ, boasting over 13,300 vehicles daily on major thoroughfares.
- Strong demographics: 5‑mile population exceeds 130,000 with average household income over $134,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Marsella Brothers
Construction Company
Location Insight
- Map
- Local Demand
- City
- Sewell
- State
- New Jersey
- Longitude
- -81.664255
- Latitude
- 38.342417
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - NNN Lease, High-Growth Area, Strong Tenant
Where is this other retail property located?
The property is located at 279 Fish Pond Rd Sewell, NJ.
What is the asking price?
The asking price for this property is $2,357,692.
What are key features of this property?
This property features: New 15-year absolute NNN lease with Dollar General, including rare 5% rent increases every 5 years.; High-traffic location in Sewell, NJ, boasting over 13,300 vehicles daily on major thoroughfares.; Strong demographics: 5-mile population exceeds 130,000 with average household income over $134,000.
