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640 Creek Rd Bellmawr, NJ 08031

For Sale
$2,676,118

High-yield, NNN-leased pharmacy

Property size:
13,005 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a fee-simple, 13,005-square-foot retail pharmacy in Bellmawr, New Jersey. Located at 640 Creek Rd, 08031, this property boasts a strong 7.22% cap rate and a substantial net operating income (NOI) of $203,384. The property is currently 100% occupied under a 10-year absolute NNN lease with Curaleaf, a major national operator, providing a corporate guarantee. The lease commenced August 29, 2019, and expires August 31, 2029, with 4.8 years remaining. Annual rent bumps of 3% offer inflation protection. The lease includes two 5-year renewal options, exercisable simultaneously with other properties in a five-unit portfolio. This is a passive investment opportunity with zero landlord responsibilities. The asking price is $2,676,118 ($205.78/sq ft), and the 0.61-acre lot is situated in Camden County. This property is part of a larger portfolio, but can be purchased individually. The lease is a master lease with a common thread-defined term provision for renewal options.

Property Features for 640 Creek Rd

General Information

Property type
Individual retail properties
Square Feet
13,005 SF
Lot Size
26,572 SF

HighLights

  • $2,676,118 asking price for a 13,005 SF retail property in Bellmawr, NJ.
  • Absolute NNN lease with a corporate guarantee from Curaleaf, a major national operator.
  • 10‑year lease (4.8 years remaining) with 2 x 5‑year renewal options; 3% annual rent increases.
  • 7.22% cap rate and $203,384 NOI.
  • 100% occupancy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Bellmawr
County
Camden
State
New Jersey
Longitude
-75.10313
Latitude
39.8650363

FAQs

What type of property is this?
Individual retail property - High-yield, NNN-leased pharmacy
Where is this individual retail property located?
The property is located at 640 Creek Rd Bellmawr, NJ.
What is the asking price?
The asking price for this property is $2,676,118.
What are key features of this property?
This property features: $2,676,118 asking price for a 13,005 SF retail property in Bellmawr, NJ.; Absolute NNN lease with a corporate guarantee from Curaleaf, a major national operator.; 10-year lease (4.8 years remaining) with 2 x 5-year renewal options; 3% annual rent increases.
More about this property
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