Current Use by Public Records
- Lifestyle centers
Property Details for 156 Nj-73
- Year built
- 2007
- Lot size
- 0.76 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 6,205 square foot multi-tenant retail property in Voorhees Township, NJ, is situated within the 19.2-acre Cedar Hill Shopping Center, boasting nearly 1,700 parking spaces and anchored by national brands like BJ's Wholesale Club and Lowe's. The property enjoys a 100% occupancy rate with a diverse tenant mix including AT&T, Nails 'R Us, Wayback Burgers, Great Clips, and Mochinut. Four of the five leases feature built-in rent increases, providing structured yield growth. The property benefits from its prime location on Route 73 (41,879 vehicles per day), offering high visibility and easy access. Its proximity to Virtua Health's expansive 120-acre healthcare campus further enhances its desirability. Located in an affluent area with over 154,000 residents within a 5-mile radius and average household incomes exceeding $256,000, this NNN-leased property offers a passive ownership experience with the condo association managing common area maintenance. The asking price is $2,693,985, representing a 7.00% cap rate and a price per square foot of $434.16. Built in 2007, this 0.76-acre lot provides a strong investment opportunity with a stable NOI of $188,579. The property's strategic location, strong tenant base, and built-in rent increases make it an attractive investment prospect.
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
- -74.925
- Latitude
- 39.8315
