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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

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    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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Egg Hbr Rd Washington Township, NJ 08080
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