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279 Fish Pond Rd Sewell, NJ 08080

For Sale
$2,357,692

NNN Lease, High-Growth Area, Strong Tenant

Property size:
10,566 SF

Description

Added:
Jan 24, 2025
Days on Market:
326
This exceptional investment opportunity presents a newly constructed, freestanding Dollar General store in Sewell, NJ, situated within the Philadelphia MSA. The property boasts a brand-new 15-year absolute NNN lease with a rare provision for 5% rental increases every five years, extending through four subsequent five-year option periods. This eliminates all landlord responsibilities. The lease is backed by a corporate guarantee from Dollar General (NYSE: DG), an investment-grade credit tenant rated BBB by Standard & Poor's. The property enjoys excellent visibility and frontage on Fish Pond Rd and Pitman Downer Rd, major thoroughfares with a combined daily traffic count exceeding 13,300 vehicles. The surrounding area demonstrates strong demographics, with a population exceeding 130,251 within a five-mile radius, an average household income over $134,000, and projected population growth of 2.22% over the next five years. Its strategic location offers convenient access to major East Coast cities, including proximity to downtown Glassboro, NJ (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 10,566 square foot building sits on a 1.94-acre lot. This is a secure, long-term investment with significant upside potential. The asking price is $2,357,692, generating a net operating income of $153,250.

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

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.
Insight Report Location Intelligence

Current Use by Public Records

Dollar General Dollar Store Marsella Brothers General Contractor

Suggested Use

Realty agency Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sewell
State
New Jersey
Longitude
-81.664255
Latitude
38.342417

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.
More about this property
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