416 W Delilah Rd Pleasantville, NJ 08232

This exceptional retail property, located at 416 W Delilah Rd in Pleasantville, New Jersey, presents a lucrative investment opportunity. Built in 2019, the 9,200 square foot building sits on a 1.396-acre lot and is zoned UEZC – Urban Enterprise Zone. Currently leased until April 28th, 2024, with five-year lease options, the property generates a substantial annual income of $129,400. The tenant is responsible for property taxes, currently assessed at $59,335 for 2023. The owner's responsibilities include maintaining the roof, awning, and gutters. The asking price is $1,795,000, representing a compelling 7% capitalization rate. This property offers a strong return on investment with a long-term lease in place and a prime location within the vibrant Pleasantville commercial district. The price per square foot is $216.85, reflecting the value and potential of this exceptional retail space. This is a rare opportunity to acquire a high-performing, recently constructed retail building with a proven track record of income generation. The property's strategic location and strong tenant occupancy make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and stable investment in a thriving New Jersey market.