Freestanding Relievus Tenant For
For Sale
Contact for pricing
310 Egg Harbor Rd, Washington Township, NJ 08080
Single tenant Relievus pain management with six years remaining on lease.
Property Size4,100 SF
Price / SF$263.41
Days on Market1155
Property Features for 310 Egg Harbor Rd
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$76,000
Building Details
Year Built
2000
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
MSC Retail
Listed By:
Jesse Dubrow · License #RS362355
(215) 568-2600
Source:
Crexi
Added: Jul 10, 2023
Changed: Aug 22
Last Checked: Sep 4 at 10:11PM
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 MSC Retail
Investment Insights
Based on property information with market context.
This single-tenant, freestanding property is occupied by Relievus, a pain management tenant. The property is located at the intersection of Egg Harbor Road, which sees 18,639 vehicles per day, and Hurffville Road, with 8,881 vehicles per day, in Sewell, NJ. The lease is fully guaranteed by Clearway Pain Solutions, the parent company of Relievus, which operates over 70 locations. Relievus has been operating at this location for over 20 years and recently extended their lease for an additional 5 years. There are currently 6 years remaining on the lease agreement, which includes annual rent escalations of 3%. The site is conveniently located 2 miles from Jefferson Washington Township Hospital, a private bed facility with over 180 beds. The hospital is undergoing a $222 million campus revitalization and is currently in its final phase of development. The surrounding area has a strong affluent demographic profile, with over 57,000 residents and an average household income of $147,000 within a 3-mile radius. The property is strategically positioned between the Atlantic City Expressway, with 74,223 vehicles per day, and Route 55, with 64,143 vehicles per day. These road networks provide access between Southern New Jersey and Philadelphia. The property size is 4,100 square feet.
Key Highlights
- Long‑term tenant (Relievus) with a 20+ year operating history at this location and a recently extended lease.
- Lease is fully guaranteed by Clearway Pain Solutions, the parent company of Relievus, which operates over 70+ locations.
- Favorable lease terms with 6 years remaining and annual rent escalations of 3%.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,220,940
$1.2M
Cap Rate 7%
$872,100
$872.1K
Cap Rate 9%
$678,300
$678.3K
Market Conditions
NOI Build-Up for 4,100 SF
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.
Gross rent
$108.2K $26.40/SF
− Vacancy
−$6.5K −$1.58/SF
EGI
$101.7K $24.82/SF
− OpEx
−$40.7K −$9.93/SF
NOI
$61.0K $14.89/SF
Area
Bergen County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,220,940
Cap Rate 7%
$872,100
Cap Rate 9%
$678,300
Alternative Uses
Best Use
Healthcare Medical
$872.1K
$763.1K – $1.02M
NOI $61,047 @ 7.0% cap · market cap 5.65%
Second Best
Retail
$836.0K
$731.5K – $975.3K
NOI $58,520 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.07M
$936.8K – $1.25M
NOI $74,941 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
597
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CubeSmart Self Storage
Shops & Services
597 visits/mo
0.4 miles
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single tenant Relievus pain management with six years remaining on lease.
Where is this retail space located?
The property is located at 310 Egg Harbor Rd Washington Township, NJ.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Long‑term tenant (Relievus) with a 20+ year operating history at this location and a recently extended lease.; Lease is fully guaranteed by Clearway Pain Solutions, the parent company of Relievus, which operates over 70+ locations.; Favorable lease terms with 6 years remaining and annual rent escalations of 3%.
