Freestanding Relievus Tenant For
310 Egg Harbor Rd Washington Township, NJ 08080
310 Egg Harbor Rd, Washington Township, NJ, 08080
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For Sale
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Single tenant Relievus pain management with six years remaining on lease.
Property Size4,100 SF
Price / SF$263.41
Days on Market1109
Property Features for 310 Egg Harbor Rd
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing agency
MSC Retail
(215) 568-2600
Listed by
Jesse Dubrow · License #RS362355
Source
Crexi
Added: Jul 10, 2023 Updated: Jul 6 at 8:04AM Checked: Jul 21 at 10:33AM
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%.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.2k | $26.40 |
| − Vacancy | −$6.5k | −$1.58 |
| EGI | $101.7k | $24.82 |
| − OpEx | −$40.7k | −$9.93 |
| NOI | $61.0k | $14.89 |
4,100 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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%.
