1349 Blackwood-Clementon Rd Clementon, NJ 08021
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High-return auto shop, strong tenant.
Property size:
2,200 SFProperty Features for 1349 Blackwood-Clementon Rd
General Information
- Property type
- Automotive properties
- Square Feet
- 2,200 SF
- Lot Size
- 56,192 SF
Building Details
- Year Built/Renovated
- 1988/2018
- Buildings
- 1
- Stories
- 1
Listing Agency: Marcus & Millichap Las Vegas Listing Agent: Dustin Alvino
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This fee-simple retail property in Clementon, NJ, offers a compelling investment opportunity. The 2,200 square foot Jiffy Lube, located at 1349 Blackwood-Clementon Rd (APN: 15 20303-0000-00003), sits on a 1.29-acre lot and boasts 12 parking spaces. Built in 1988 and renovated in 2018, the single-story building is zoned GB and benefits from a 10-year absolute net lease (commencing 12/31/2017 and expiring 12/31/2028) with five years remaining. The lease includes two 5-year renewal options, with annual rent increases tied to the greater of CPI or 2.5%, providing inflation protection. The current NOI is $87,693, resulting in an 8.77% cap rate and a price per square foot of $454.55. The property enjoys 100% occupancy and benefits from its strategic location near Route 42, connecting Atlantic City and Philadelphia, and close proximity to Camden County College. The surrounding area shows strong demographics, with average household incomes within 3 and 5 miles exceeding $88,416 and $96,755 annually. This Jiffy Lube location has operated successfully for nearly 30 years, demonstrating long-term viability and consistent performance. The asking price is $1,000,000.
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Map
- City
- Clementon
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0331099
- Latitude
- 39.804112
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FAQs
What type of property is this?
Automotive property - High-return auto shop, strong tenant.
Where is this automotive property located?
The property is located at 1349 Blackwood-Clementon Rd Clementon, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5+ years remaining on an absolute net lease with Team Car Care Group (550+ units).; Leased to the largest Jiffy Lube operator in the country (formerly Heartland Automotive).; Annual rent increases tied to the greater of CPI or 2.5%, providing inflation protection.
