1365 Chews Lndg Rd Clementon, NJ 08021
- Day care centers
- 0.20 lot acres
Current Use by Public Records
- Day care centers
Property Details for 1365 Chews Lndg Rd
- Lot size
- 0.20 lot acres
- Property type
- Day care centers
- APN
- 15 09708-0000-00001-0000-C0700
- APU
- 15097080000000010000C0700
Description
This exceptional investment opportunity presents Chews Landing Commons, a 44,500-square-foot medical and traditional office campus situated on 6.1 acres in Clementon, New Jersey. The property boasts a 96% occupancy rate with eleven tenants, generating a strong net operating income (NOI) of $571,997 and a 7.95% capitalization rate. The asking price is $7,195,000, representing a fee-simple ownership opportunity. The single-story complex comprises seven buildings, each meticulously maintained and managed, contributing to the consistently high occupancy rate. Notable tenants include NovaCare Rehabilitation Center, Victory Bay Recovery Center, Advantage Behavioral Health, Harmony Bay Wellness, and Heartland Hospice Services. The property benefits from built-to-suit construction for multiple buildings, healthy scheduled rental increases, and a prime location. Its proximity to major hospitals, including Jefferson University (4 miles) and Virtua Voorhees Regional Medical Center (9 miles), further enhances its appeal. Convenient access to major highways, including the North-South Freeway, New Jersey Turnpike, and I-295, and its proximity to the Walt Whitman Bridge (9 miles) connecting Southern New Jersey to Philadelphia, provide excellent accessibility. The property is also located in a densely populated area with over 224,000 people within a 5-mile radius. Ample parking is available with 185 spaces.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clementon
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0524
- Latitude
- 39.8267
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
