For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

2941 Nj-73 Maple Shade, NJ 08052

Sponsored
For Sale
$6,950,000

Maple Shade retail & office complex, strong NOI.

Property size:
32,160 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional mixed-use property in Maple Shade, NJ, presents a compelling value-add investment opportunity. Located at 2941 NJ-73, this property comprises two buildings totaling 32,160 square feet on a 100-space parking lot. The complex includes a 17,750 square foot shopping center with five retail units and a vacant storage unit convertible to additional retail space, plus a 14,410 square foot office building currently leased to the Drug Enforcement Administration under a NNN lease expiring December 19, 2027. Built in 1990 and 2002, the property boasts a 92% occupancy rate, generating a current NOI of $527,100 and a pro-forma NOI of $694,853, representing a 7.58% cap rate and a pro-forma cap rate of 10.00%, respectively. The asking price is $6,950,000, translating to $216.11 per square foot and $992,857.14 per unit. The property's strong tenant mix, including a stable government agency lease, and the potential for increased rental income from the vacant space offer significant upside for investors. The current lease terms are NNN with a remaining term of approximately 3.1 years. This investment presents a rare opportunity to acquire a well-located, mixed-use property in a thriving retail market with significant potential for value appreciation.

Property Features for 2941 Nj-73

General Information

Property type
Lifestyle centers
Square Feet
32,160 SF
Class
B

Building Details

Buildings
2
Stories
2
Units
7

HighLights

  • Significant Value‑Add Opportunity: Owner‑occupied storage can be converted into 2,500 square feet of retail space.
  • Substantial Upside Potential: NNN market rent is $18.98 per square foot, offering immediate upside upon acquisition.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Map

City
Maple Shade
County
Burlington
State
New Jersey
Longitude
-74.987531485663
Latitude
39.953724759889

FAQs

What type of property is this?
Lifestyle center - Maple Shade retail & office complex, strong NOI.
Where is this lifestyle center located?
The property is located at 2941 Nj-73 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Significant Value-Add Opportunity: Owner-occupied storage can be converted into 2,500 square feet of retail space.; Substantial Upside Potential: NNN market rent is $18.98 per square foot, offering immediate upside upon acquisition.;
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message