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310 Egg Hbr Rd Washington Township, NJ 08080

For Sale
$980,000

Sewell, NJ: High-Yield Drugstore

Property size:
4,100 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
This 4,100 sq ft single-tenant pharmacy in Washington Township, NJ, offers a compelling value-add investment opportunity. Located at 310 Egg Harbor Rd, the property boasts a 100% occupancy rate with a corporate-guaranteed lease from Clearway Pain Solutions, the parent company of Relievus, a tenant with over 20 years of successful operation at this location. The recently extended 5-year lease includes a 3% annual rent increase, ensuring consistent income growth. The property generates a strong NOI of $67,962, resulting in a 6.93% cap rate, and is priced at $980,000 ($239.02/sq ft). Situated in the affluent Sewell area, the property benefits from high traffic counts on nearby major roadways (Atlantic City Expressway and Route 55), proximity to Jefferson Washington Township Hospital (undergoing a $222 million revitalization), and a strong demographic profile with an average household income exceeding $147,000 within a 3-mile radius. The property includes ample parking (5.35 spaces per 1,000 sq ft) and is strategically positioned near Rowan University and Gloucester Premium Outlets, further enhancing its investment appeal. Built in 2000, this well-maintained building presents a stable and lucrative investment opportunity with significant upside potential. The property's location within a thriving medical hub, coupled with the long-term lease and strong tenant, makes it an attractive addition to any portfolio. The 6 years remaining on the lease provide long-term stability and predictable cash flow.

Property Features for 310 Egg Hbr Rd

General Information

Property type
Individual retail properties
Square Feet
4,100 SF

Building Details

Year Built
2000
Buildings
1
Units
1

HighLights

  • $980,000 asking price for a 4,100 SF retail property in Washington Township, NJ.
  • Single‑tenant, freestanding building occupied by Relievus, a pain management clinic, with a corporate guarantee from Clearway Pain Solutions.
  • 6.93% cap rate with a $67,962 NOI and 100% occupancy.
  • 5‑year lease extension with 3% annual rent increases, resulting in 6 years remaining on the lease.
  • Excellent location in affluent Sewell, NJ, near major roadways, Jefferson Washington Township Hospital, and Rowan University.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Washington Township
County
Gloucester
State
New Jersey
Longitude
-75.0849168
Latitude
39.7641561

FAQs

What type of property is this?
Individual retail property - Sewell, NJ: High-Yield Drugstore
Where is this individual retail property located?
The property is located at 310 Egg Hbr Rd Washington Township, NJ.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: $980,000 asking price for a 4,100 SF retail property in Washington Township, NJ.; Single-tenant, freestanding building occupied by Relievus, a pain management clinic, with a corporate guarantee from Clearway Pain Solutions.; 6.93% cap rate with a $67,962 NOI and 100% occupancy.
More about this property
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