Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 500 Sheppard Rd
- Year built
- 2007
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional Class A, single-tenant medical office building, located at 500 Sheppard Rd, Voorhees Township, NJ 08043, presents a unique investment opportunity. Built in 2007 and renovated in 2021, the property boasts 2,476 square feet across one single-story building with two units. Currently operating at 100% occupancy with a lease expiration date of September 1, 2024, this property offers a strong, stable income stream. The building features individualized entrances with 24/7 access and ample on-site parking. Its strategic location in the Voorhees/Cherry Hill/Marlton triangle provides convenient access to major medical centers, including Cooper, Virtua, and Jefferson hospitals. The property is offered as a sale to a user or a sale-leaseback transaction. The building is categorized as Executive Office, Medical Office, and Traditional Office space, and operates under a NNN lease structure. Rent bumps are included in the lease agreement. The property offers a cap rate exceeding 7%. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location. Don't miss this chance to own a piece of this thriving medical market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Voorhees Township
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9486
- Latitude
- 39.8605
