136 Harding Ave., Bellmawr, NJ 08031

Listing agent Alexander Machado License #SL3507121

Listing office Matthews d***@bago-us.com Show Phone

Listing date Jun 12, 2023

Source Crexi

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Overview

This property is part of a five-unit portfolio comprising four retail locations and one industrial facility across Florida, New Jersey, and Massachusetts. The properties can be purchased as a portfolio or individually. Each of the five properties' coterminous master leases are tied together through a common thread-defined term provision whereby any option for renewal term on one asset may only be exercised if the option for renewal on the rest of the portfolio is also exercised simultaneously. The leases are absolute NNN, meaning there are zero landlord responsibilities, making it a great investment opportunity for a passive investor. The properties benefit from a corporate guarantee. Curaleaf is a large operator in the country, operating over 150 dispensaries and 28 cultivation sites across 19 states. The leases include 3.00% annual rental increases, providing investors with a hedge against inflation. The property contains 42,119 square feet.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Bellmawr

County

Camden

State

New Jersey

Longitude

-75.1021341

Latitude

39.8640667

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FAQs

What type of property is this?

Industrial property - Five-unit Curaleaf portfolio in Florida, New Jersey, and Massachusetts.

Where is this industrial property located?

The property is located at 136 Harding Ave. Bellmawr, NJ.

What is the asking price?

The asking price for this property is $15,605,648.

What are key features of this property?

This property features: Absolute NNN lease: zero landlord responsibilities, ideal for passive investors.; Corporate guarantee from Curaleaf, a major national operator.; Attractive 3.00% annual rental increases offer a hedge against inflation.