542 Berlin - Cross Ky Rd Winslow Township, NJ 08081
Winslow Plaza, a single-story, 40,695-square-foot shopping center, presents a compelling investment opportunity. Located at 542 Berlin-Cross Keys Road in Winslow Township, New Jersey (zip code 08081), this property boasts 17 units within a single building constructed in 1990. Situated on an 8.28-acre lot (APN: 36-00502-0000-00004-02), it benefits from a CM - Major Commercial zoning designation. Currently 100% occupied, the center features a diverse tenant mix, leveraging the strength of a nearby ShopRite as a shadow anchor. The property offers significant potential for cash flow growth through numerous mark-to-market opportunities, projected at 3.79%. This unanchored strip center is strategically positioned in a desirable, affluent Philadelphia suburban market, attracting a substantial customer base. Within a three-mile radius, the population exceeds 63,843 individuals, with an average household income of $123,168. The property's location is further enhanced by its proximity to various key economic drivers. This presents a rare chance to acquire a well-located, high-performing retail asset in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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