300 Black Horse Pike Bellmawr, NJ 08031-2313

Property Details for 300 Black Horse Pike

Construction

CONCRETE BLOCKS

Lot size

0.52 lot acres

Property type

Commercial real estate

APN

04 00147-0000-00001

APU

400147000000001

Description

This exceptional investment opportunity features a 3,000 square foot Wendy's restaurant located at 300 S Black Horse Pike, Bellmawr, NJ 08031. The property is situated on a 0.86-acre lot with 35 parking spaces and benefits from a high-traffic location at the intersection of Black Horse Pike and Benigno Boulevard, with over 23,000 vehicles passing daily. The property is a single-tenant, Class A, absolute NNN net lease with a strong, creditworthy tenant, Wendy's, operated by Flynn Group, the world's largest Wendy's franchisee. The current lease has 10 years remaining (commencing November 30, 2019, and expiring November 29, 2034), with 1.75% annual rent bumps. The asking price is $3,242,740, representing a 5.00% cap rate and a price per square foot of $1,080.91. The property boasts a strong NOI of $162,137. Built in 2015, this single-story building is part of a thriving commercial area, conveniently located near Philadelphia International Airport and the New Jersey Turnpike Bellmawr Toll Plaza, and within walking distance of six hotels with over 300 rooms. The property is also positioned at the entrance to Interstate Business Park, a 250-acre complex with over 2.85 million square feet of warehouse, distribution, and office space, occupied by major tenants including Amazon, FedEx, and USPS. The lease includes eight, five-year options. This is a fee-simple ownership opportunity offering significant long-term value and passive income potential.

Location Insight

City

Bellmawr

County

Camden

State

New Jersey

Longitude

-75.0786

Latitude

39.8635

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments