310 Egg Hbr Rd Washington Township, NJ 08080
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Sewell, NJ: High-Yield Drugstore
Property size:
4,100 SFProperty Features for 310 Egg Hbr Rd
General Information
- Property type
- Drug stores
- Square Feet
- 4,100 SF
Building Details
- Year Built
- 2000
- Buildings
- 1
- Units
- 1
Listing Agency: MSC Retail Listing Agent: Jesse Dubrow
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
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
Location Insight
- Map
- Local Demand
- City
- Washington Township
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0849168
- Latitude
- 39.7641561
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Sewell, NJ: High-Yield Drugstore
Where is this drug store 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.
