1605 Rte 70 W Cherry Hill, NJ
Property Features for 1605 Rte 70 W
General Information
- Lot size
- 2.08 Acres
Source:
Moodyscre
Listing Agent: Bart Delfiner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Tesla Dealership and Service Center
Available for sale is a Tesla Dealership and Service Center. The property is under a NNN lease with 2% annual rental increases, backed by a corporate guaranty from Tesla, Inc., an investment-grade tenant with a BBB S&P rating. The property is located 11 miles from Philadelphia, in a retail corridor along Route 70, which sees approximately 54,000 vehicles per day. The location is surrounded by national retailers, including Raising Cane’s, Starbucks, Wegmans, and Home Depot. The Marketplace at Garden State Park features anchors such as Raising Cane’s, Wegmans, Best Buy and Dick’s Sporting Goods. Towne Place at Garden State Parks offers national tenants such as Barnes & Noble, Nordstrom Rack and Ulta Beauty. The location benefits from strong demographics, with 322,792 people within 5 miles and an average HHI of $104,536. There are only four Tesla dealerships in the Philadelphia MSA: Wayne, PA; Warminster, PA; Lawrence Township, NJ; and Cherry Hill, NJ.
Location Intelligence
Current Use by Public Records
Specialty properties
Map
- City
- Cherry Hill
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0398622
- Latitude
- 40.9287098
Nearby Similar for Sale
FAQs
What type of property is this?
Specialty property - Tesla dealership and service center in a strong retail corridor.
Where is this specialty property located?
The property is located at 1605 Rte 70 W Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $4,335,126.
What are key features of this property?
This property features: - NNN lease with corporate guaranty from Tesla, Inc. (BBB S&P rating) ensuring stable, long-term income.; - **Prime location on Route 70 with high traffic volume (54,000 vehicles per day).**; - Located in a strong retail corridor surrounded by national retailers (Raising Canes, Starbucks, Wegmans, Home Depot, etc.).