586 Berlin - Cross Ky Rd Winslow Township, NJ 08081
This exceptional investment opportunity presents a thriving, fully occupied car wash located at 586 Berlin-Cross Keys Rd, Winslow Township, NJ 08081. The property boasts a substantial 1,800 square foot building situated on a 1.13-acre lot. Currently operating under a long-term, absolute triple-net (NNN) lease, this asset offers significant financial stability with a remaining lease term of approximately 18.3 years, expiring February 28, 2043. The lease commenced March 31, 2022, and includes a favorable 1.75% annual rental increase, ensuring consistent income growth. The property's strong performance is reflected in its impressive 7.00% cap rate and a Net Operating Income (NOI) of $380,353. The asking price is $5,433,614, translating to a price per square foot of $3,018.67. The car wash underwent complete renovations in 2022, ensuring modern facilities and operational efficiency. This prime location in the affluent core New Jersey market makes this a highly desirable investment, offering a secure and lucrative return for years to come. The property's 100% occupancy further solidifies its financial strength and potential for continued success. This is a rare opportunity to acquire a high-performing, long-term leased car wash in a desirable market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.