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Property profile

114 Black Horse Pike Audubon, NJ 08106

OFF-MARKET
Retail properties & Spaces
22,355 SF Built 1961
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Property summary

AI-generated overview

This exceptional retail property, located at 114 E Black Horse Pike in Audubon, New Jersey (zip code 08106), offers 13,849 square feet of vacant space within a larger 22,355 square foot building. The property is classified as Class B and was originally constructed in 1961, undergoing renovations in 2005. The single-tenant building sits on a single lot in Camden County. The available space is divisible into units ranging from 3,200 to 11,500 square feet, presenting flexibility for various business types. Suitable uses include, but are not limited to, medical facilities (dialysis or plasma centers), childcare centers, doggie daycare, discount retail, furniture stores, tool and hardware retailers, and automotive-related businesses that do not directly compete with the existing tire and repair operations (examples include collision centers, auto glass repair, or auto parts stores that do not overlap with the existing tenant's offerings). Negotiable cash allowances are available for suitable tenants, contingent upon a rent structure that ensures a fair return on investment for property improvements. The existing tenant, Pep Boys, maintains a long-term ground lease on the property and will continue its tire and auto repair operations. The former parts sales area is currently vacant.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1961
Total area 22,355 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

114 Black Horse Pike Audubon, NJ 08106
Audubon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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