279 Fish Pond Rd Sewell, NJ 08080

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.