Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vineland Commercial Property with Development Potential Title is generated by Realmo AI

    3397 S Delsea Dr, Vineland, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two commercial properties on 2.65 acres with development potential.

    Type:RETAIL
    Property size:
    9,450 SF
    Lot size:
    1.89 Acres
    Added:
    Mar 14, 2025
    Days on Market:
    422
    Last Refresh:
    Apr 5 at 11:07 pm

    Property Features for 3397 S Delsea Dr

    General Information

    Standard status
    Active
    Size
    9,450 SF
    Lot size
    1.89 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Glen Kunofsky

    Listing agent Glen Kunofsky

    Listing office NNN Pro Group

    Listing date Mar 14, 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 NNN Pro Group

    HighLights

    • Two established tenants: Burger King and Mavis Discount Tire, providing diversified income streams.
    • Long‑term Triple Net (NNN) leases in place for both tenants, minimizing landlord responsibilities.
    • Significant 2.65 acre land parcel with developable land, offering potential for future expansion.
    • Leases commenced in June 2021, providing a substantial remaining lease term.
    • Scheduled rent increases for both tenants, ensuring increasing income.
    • Current combined annual rent of $243,750 from both tenants, providing immediate cash flow.

    Overview

    This offering includes two commercial properties located at 3403 South Delsea Drive, Vineland, NJ 08360. The site features a Burger King and a Mavis Discount Tire, situated on an estimated 2.65-acre parcel of land, which also includes developable land. The Burger King occupies roughly 2,750 rentable square feet and is subject to a 20-year Triple Net (NNN) lease that commenced on June 17, 2021. The current annual rent for Burger King is $112,500, with scheduled increases of 10.00% every 5 years. The Mavis Discount Tire occupies roughly 6,700 rentable square feet and is subject to a 20-year Triple Net (NNN) lease that commenced on June 16, 2021. The current annual rent for Mavis Discount Tire is $131,250, with scheduled increases of 5.00% every 5 years. The total property size is 9,450 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Accounting Firm Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0461
    Latitude
    39.5366

    Nearby Similar for Sale

    • $949,999
      5,900 SF

      Mixed-Use Investment Opportunity, Vineland

      High-visibility mixed-use property on Route 47 with redevelopment potential.
      3662 S DELSEA DRIVE, VINELAND, NJ 08360
      View Details
    • $775,000

      Vineland Commercial Property For Sale

      Income-producing property with established automotive use and expansion potential.
      2428 S DELSEA Drive, VINELAND, NJ 08360
      View Details
    • $1,500
      1,500 SF

      Vineland Auto Shop with Bays

      1,500 SF auto shop with two drive-in bays.
      2966 S MAIN ROAD, VINELAND, NJ 08360
      View Details
    • $175,000

      Established Auto Repair Garage For Sale

      Fully operational auto repair garage in business for over 60 years.
      4715 Pennsylvania Ave, Vineland, NJ 08332
      View Details
    • $950,000
      40,000 SF

      Vineland Industrial/Manufacturing Building For Sale

      40,000 SF industrial/manufacturing building on 1.28 acres.
      411 S 6TH STREET, VINELAND, NJ 08360
      View Details
    • $170,000

      Vineland Professional Office Condo

      Corner office condo with flexible layout and business potential.
      2630 E CHESTNUT Avenue, VINELAND, NJ 08361
      View Details
    • $849,900
      2,786 SF

      Turnkey Farm with Modernized Infrastructure

      Operational farm on 9+ acres with dual road frontage.
      1001 S WEST AVENUE, VINELAND, NJ 08360
      View Details
    • $1,100,000
      6,936 SF

      Prime Commercial Development Opportunity

      13-acre property with frontage on high-traffic S Delsea Drive.
      2242 S DELSEA DRIVE, VINELAND, NJ 08360
      View Details
    • $699,999

      Vineland Multi-Unit Homes with Warehouse

      Unique investment property: multi-unit homes, warehouse, and open land.
      2520 N West Blvd, Vineland City, NJ 08360-2056
      View Details
    • $1,200,000
      3,718 SF

      Vineland Multifamily Investment Opportunity

      Turnkey investment package with multiple income streams in Vineland, NJ.
      411 N EAST Avenue, VINELAND, NJ 08360
      View Details
    • $330,000
      1,649 SF

      Vineland Duplex: Income Opportunity

      Income-producing duplex in Vineland, tenant-occupied, close to amenities.
      812 E ELMER Street, VINELAND, NJ 08360
      View Details
    • $949,999

      Vineland Mixed-Use Investment Opportunity

      High-visibility mixed-use property on Route 47 in Vineland.
      3662 S Delsea Dr Dr, Vineland, NJ 08360
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Two commercial properties on 2.65 acres with development potential.
    Where is this drive through restaurant located?
    The property is located at 3397 S Delsea Dr Vineland, NJ.
    What are key features of this property?
    This property features: Two established tenants: Burger King and Mavis Discount Tire, providing diversified income streams.; Long‑term Triple Net (NNN) leases in place for both tenants, minimizing landlord responsibilities.; Significant 2.65 acre land parcel with developable land, offering potential for future expansion.
    (332) 345-2408 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Glen Kunofsky
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3397 S Delsea Dr, Vineland, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!