475 Haddonfield Rd Cherry Hill, NJ
NNN leased bank branch with strong demographics and traffic counts.
Property size:
3,372 SFLot size:
5.98 AcresProperty Features for 475 Haddonfield Rd
General Information
- Size
- 3,372 SF
- Lot size
- 5.98 Acres
Source:
Moodyscre
Listing Agent: Alan Cafiero
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Cherry Hill Retail Investment Opportunity
This retail property is located at the junction of Haddonfield Road and Route 38 in Cherry Hill, New Jersey. Haddonfield Road sees over 38,000 cars per day, while Route 38 sees over 58,000 cars per day. The property is diagonally across from the Cherry Hill Mall, which has 1.3 million square feet, and is near national retailers such as Target, Kohl's, and Hobby Lobby. The location is seven miles from Center City Philadelphia. The property is a Republic Bank branch, which has been in business for over 36 years and has 35 locations in New Jersey, New York, and Pennsylvania. The branch has $172 million in deposits. The property has just under 13 years remaining on the current term of the lease, with 10% rent increases every 5 years and four 5-year renewal options with FMV at each option. The property is 3,372 square feet. The surrounding area has excellent demographics, with over 304,000 people within 5 miles and a 1-mile average household income over $104,000.
Location Intelligence
Current Use by Public Records
Banks
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?
Bank - NNN leased bank branch with strong demographics and traffic counts.
Where is this bank located?
The property is located at 475 Haddonfield Rd Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $2,567,000.
What are key features of this property?
This property features: - Prime location at the junction of Haddonfield Road and Route 38, boasting high traffic counts.; - Located diagonally across from Cherry Hill Mall and near national retailers.; - Strong demographics: Over 304,000 people within 5 miles and a high average household income.