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Property profile & analytics
FOR SALE
Commercial real estate

4403 E Black Horse Pike Hamilton, NJ 08330

45.07 ac lot Built 1987
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US59-0389720
Property summary
AI-generated overview

This Hamilton, NJ shopping center offers a compelling investment opportunity. The 107,183 square foot property boasts an 88.8% occupancy rate and a strong Net Operating Income (NOI) of $1,051,678. Tenants include internet-resistant businesses like Planet Fitness, Get Air, and DaVita Dialysis, ensuring relative tenant stability with lease expirations ranging from 2026 to 2029. The weighted average lease term is 5.32 years. A significant value-add opportunity exists with approximately 12,000 square feet (11% of the gross leasable area) currently available for lease, presenting potential for NOI growth. Strategically located on a 10.41-acre lot, this property enjoys a prime pad location adjacent to the Hamilton Mall (428,996 SF) and is surrounded by major national retailers such as Walmart, Target, Hobby Lobby, Macy's, H&M, Kohl's, Burlington, BJ's, ULTA, and Dick's. Its proximity to Atlantic City, a major tourist destination, further enhances its appeal. The property is situated at 4403 E Black Horse Pike, Hamilton, NJ 08330, in Atlantic County. This NNN leased multi-tenant shopping center presents a rare opportunity for long-term growth and income generation.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Construction CONCRETE BLOCKS
Lot 45.07 ac (1,963,249 SF)
Zoning code DC
APN 12 01135- 01-00010- 02
UPID US59-0389720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
Lincoln National Life Insurance Com · 3 yrs held
Lincoln National Life Insurance Com
since 2023
7 recorded transactions
2023
Price N/A
2021
Price N/A
2021
$1.6M
2021
Price N/A
2021
$2.7M
2019
$25.0M
2002
Price N/A
Zoning & alternative use
DC · Mays Landing, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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