816 Black Horse PikeMount Ephraim, NJ 08059

This exceptional investment opportunity presents a 7,128 square foot, single-tenant retail building in Mount Ephraim, NJ, occupied by Mavis Discount Tire. The property, located at 816 Black Horse Pike, sits on a 0.36-acre lot and boasts a Class A designation. Built in 1980 and extensively renovated in 2019, the building features a new roof with a 15-year warranty. The 15-year net lease, commencing December 2, 2019, and expiring December 31, 2039, includes five, five-year renewal options. Rent increases are built in every five years. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $141,679, resulting in a 6.00% cap rate. The asking price is $2,213,748. This prime retail location benefits from high traffic counts on Black Horse Pike, a major thoroughfare, and enjoys excellent visibility across from the Audubon Shopping Center, anchored by Walmart, and near other national retailers such as Chick-fil-A, Ross Dress for Less, Five Below, and Applebee's. This investment offers a secure, long-term income stream with a financially sound, nationally recognized tenant. The lease is guaranteed by Mavis Tire Supply, LLC.