110 Hancock Ln Westampton, NJ 08060-4408
Property profile & analytics
110 Hancock Ln, Westampton, NJ 08060-4408
- Commercial real estate
- 4.68 lot acres
Property ID
US59-1313671
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 110 Hancock Ln
- Lot size
- 4.68 lot acres
- Property type
- Commercial real estate
- APN
- 37 00905-0000-00001
- APU
- 3700905000000001
Description
This exceptional investment opportunity presents a 10,033 square foot Cracker Barrel Old Country Store located at 110 Hancock Ln, Mount Holly, New Jersey 08060. The property boasts a strong 5.65% cap rate and a substantial net operating income (NOI) of $265,444. The absolute NNN lease, guaranteed by a publicly traded company (NASDAQ: CBRL), offers significant long-term stability with 16+ years remaining and ten, five-year renewal options. Situated on a 4.68-acre lot, this strategically positioned restaurant benefits from high visibility adjacent to the New Jersey Turnpike, experiencing over 88,000 vehicles daily. The property's location within an affluent area, boasting an average household income exceeding $142,000 within a one-mile radius, ensures a robust customer base. The tenant demonstrates strong performance, reflected in a healthy 7% rent-to-sales ratio. Furthermore, the property enjoys proximity to other major national retailers, including Target, Home Depot, Kohl's, Dick's Sporting Goods, Walmart Supercenter, Marshalls, and HomeGoods, creating a thriving retail environment. Annual rent bumps of 1% provide consistent growth potential. The asking price is $4,698,123, translating to a price per square foot of $468.27. This is a rare opportunity to acquire a high-performing, passively managed investment with exceptional long-term prospects.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Westampton
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.8153
- Latitude
- 40.0294
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$61,632
$1,243,400
$1,156,600
$2,400,000
-
$1,243,400
$1,156,600
$2,400,000
