Cherry Hill Retail Investment Opportunity

475 Haddonfield Rd, Cherry Hill, NJ

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For Sale

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NNN leased bank branch with strong demographics and traffic counts.

Type:RETAIL

Property size:

3,372 SF

Lot size:

5.98 Acres

Price / SF:

$761/SF

HighLights

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.
Approximately 13 years remaining on the current lease term with rent increases and renewal options.
$172M in deposits at this branch.
Seven miles to Center City Philadelphia.

We can help!

Listing Contact

Alan Cafiero

For Sale

Contact for pricing

NNN leased bank branch with strong demographics and traffic counts.

Type:RETAIL

Property size:

3,372 SF

Lot size:

5.98 Acres

Price / SF:

$761/SF

Added:: Sep 18, 2024
Days on Market:: 635
Last Refresh:: May 19 at 10:31 pm

Property Features for 475 Haddonfield Rd

General Information

Standard status: Active
Size: 3,372 SF
Lot size: 5.98 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Alan Cafiero

Listing agent Alan Cafiero License #(S):NJ:0791092

Listing office Marcus & Millichap | New Jersey

Listing date Sep 18, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | New Jersey

HighLights

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.
Approximately 13 years remaining on the current lease term with rent increases and renewal options.
$172M in deposits at this branch.
Seven miles to Center City Philadelphia.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Cherry Hill
County: Bergen
State: New Jersey
Longitude: -74.0399
Latitude: 40.9287

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For sale
Banks
NJ
River Edge
475 Haddonfield Rd

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.

475 Haddonfield Rd, Cherry Hill, NJ

NNN leased bank branch with strong demographics and traffic counts.

Property Features for 475 Haddonfield Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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