Current Use by Public Records
- Office Spaces
Property Details for 601 Centennial Blvd
- Year built
- 2008
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased medical office building located at 601 Centennial Blvd, Voorhees Township, NJ 08043. The 4,952 square foot Class B building, constructed in 2008, is currently 100% occupied by Voorhees Dental Solutions, a tenant with a corporate guarantee from Dental Care Alliance, a large DSO. The property boasts a 7.75% cap rate and a strong NOI of $143,692. The lease is in place until May 13, 2024, providing a new owner the opportunity to negotiate a lease extension with this established tenant. Situated in a high-traffic area (12,495 VPD) within an affluent community (average household income $185,000 within a 3-mile radius), this property offers a hands-off investment with minimal landlord responsibilities. The building is part of a condo complex with other reputable medical tenants, creating a synergistic environment. Its proximity to Cooper University Healthcare Voorhees Campus further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing dental office investment in a prime South Jersey location. The property offers a compelling combination of strong tenant history, corporate backing, and a desirable location, making it an attractive addition to any investment portfolio.
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
- -74.9475
- Latitude
- 39.8599
