1649 Nj-38 Mount Holly, NJ 08048
- Lifestyle centers
- 14,700 SF
- 1.13 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1649 Nj-38
- Lot size
- 1.13 lot acres
- Property size
- 14,700 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Holly Edge Shoppes, a stabilized mixed-use shopping center totaling 14,700 square feet situated on a 1.13-acre lot in Lumberton, New Jersey. Located at 1649 NJ-38, this property boasts excellent visibility on a heavily traveled Route 38, offering prime exposure for its five tenants. The center comprises two single-story buildings, featuring approximately 10,200 square feet of retail space and an additional 4,500 square feet of warehouse space located behind the main retail area. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $120,714, resulting in an attractive 7.10% capitalization rate. The asking price is $1,700,000, translating to $115.65 per square foot. The property is zoned B2 and is located within the Mount Holly Urban Enterprise Zone (UEZ). Tenants include Leslie Pool, On The Go (Laundry Mat), Absolute Weave, and Ocean Tents. This NNN-leased, multi-tenant property offers a secure and profitable investment opportunity for discerning buyers. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Holly
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.7843
- Latitude
- 39.9824
