530 Berlin - Cross Ky Rd Winslow Township, NJ 08081
- Retail properties
- 3,500 SF
- 0.42 lot acres
Current Use by Public Records
- Retail properties
Property Details for 530 Berlin - Cross Ky Rd
- Year built
- 2024
- Lot size
- 0.42 lot acres
- Property size
- 3,500 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 3,500-square-foot Aspen Dental located in Winslow Township, NJ, at 530 Berlin-Cross Keys Rd, 08081. The property, built in 2024, sits on a 0.42-acre lot and features a single-story building with a 100% occupancy rate. Secured by a corporate guarantee, the 10-year net lease (NN) with Aspen Dental commenced December 24, 2024, and expires December 23, 2034, offering a substantial remaining lease term of 10.1 years. The lease includes a favorable 10% rent increase every five years, providing a built-in hedge against inflation. The property boasts a strong 6.15% cap rate and a Net Operating Income (NOI) of $203,000, with a price per square foot of $943.09. Benefiting from its strategic location less than a mile from the Atlantic City Expressway (25,365 vehicles daily) and its proximity to a high-traffic ShopRite (1.4 million annual visits), this investment offers significant long-term potential. The property is fee simple ownership and includes three, five-year lease options. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a nationally recognized tenant with minimal landlord responsibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winslow Township
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9956
- Latitude
- 39.7432
