New Construction NNN Dollar
3576 NW Blvd, Vineland, NJ
Call to check price and availability
New Dollar General with corporate guarantee and zero landlord responsibilities.
Type:RETAIL
Property size:
9,100 SFLot size:
2.54 AcresPrice / SF:
$232/SF- Added:
- Mar 18, 2025
- Days on Market:
- 427
- Last Refresh:
- Apr 5 at 11:06 pm
Property Features for 3576 NW Blvd
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Lot size
- 2.54 Acres
- Property subtype
- RETAIL
Listing agent John R. Wertz
Listing office Wertz Real Estate Investment Services (760) 453-7866
Listing date Mar 18, 2025
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 Wertz Real Estate Investment Services
HighLights
- 15‑year absolute NNN lease with 5% rent increases every 5 years.
- Dollar General (NYSE: DG) corporate guarantee (S&P rated BBB).
- High‑quality 2022 brick construction (all 4 sides).
- Excellent visibility and frontage on high‑traffic corner (12,500+ vehicles per day).
- Strong demographics: 5‑mile population over 56,000 with $88,000+ average household income.
- Strategic location: proximity to Philadelphia, Atlantic City, Wilmington.
Overview
This is a high-quality construction property completed in 2022, featuring brick on all four sides. The property is under a 15-year absolute NNN lease with 5% rent increases every five years during the primary term and option periods, ensuring zero landlord responsibilities. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment-grade credit tenant with an S&P rating of BBB. The property benefits from excellent visibility and frontage on the corner of Northwest Blvd and Weymouth Rd, with a traffic count exceeding 12,500 vehicles per day. The surrounding area has a 5-mile population of over 56,000 residents with an average household income exceeding $88,000. The location is 33 miles from downtown Philadelphia, 36 miles from Atlantic City, 38 miles from Wilmington, 119 miles from New York City, and 104 miles from Baltimore. The property size is 9,100 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.42M
NOI $127,498 @ 9.00% cap · cautious / downside scenario
Moderate
$1.82M
NOI $127,498 @ 7.00% cap · market / base-case scenario
Aggressive
$2.55M
NOI $127,498 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.5k | $19.50 |
| − Vacancy | −$7.5k | −$0.82 |
| EGI | $170.0k | $18.68 |
| − OpEx | −$42.5k | −$4.67 |
| NOI | $127.5k | $14.01 |
9,100 SF · lease $19.50/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,498 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,844 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$13.66M
$11.96M – $15.94M
NOI $956,461 @ 7.0% cap · market cap 45.17%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Jenny's Supermarket — 421 S Delsea Dr, Vineland, NJ 08360
- Lidl — 1107 W Landis Ave, Vineland, NJ 08360
- International Food Market — 3 W Chestnut Ave, Vineland, NJ 08360
- Compare Foods Supermarket of Vineland NJ — 48 W Landis Ave, Vineland, NJ 08360
Map
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0378
- Latitude
- 39.4788
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - New Dollar General with corporate guarantee and zero landlord responsibilities.
Where is this grocery and convenience store located?
The property is located at 3576 NW Blvd Vineland, NJ.
What is the asking price?
The asking price for this property is $2,117,332.
What are key features of this property?
This property features: 15‑year absolute NNN lease with 5% rent increases every 5 years.; Dollar General (NYSE: DG) corporate guarantee (S&P rated BBB).; High‑quality 2022 brick construction (all 4 sides).
