49 Black Horse Pike Williamstown, NJ 08094-1563

Property Details for 49 Black Horse Pike

Lot size

1.64 lot acres

Property type

Commercial real estate

APN

11 01808-0000-00005

APU

1101808000000005

Description

This exceptional investment opportunity presents a 11,000-square-foot NAPA Auto Parts store in Williamstown, New Jersey. Located at 49 South Black Horse Pike, this property sits on a 1.64-acre lot within a thriving retail corridor, surrounded by national brands like ShopRite, Dunkin', McDonald's, and Wawa. The building, constructed in 2005 and renovated in 2023, is currently operating under a net lease agreement with NAPA Auto Parts (Genuine Parts Company), a globally recognized leader in the automotive parts industry. The lease, originally commenced on November 25, 2005, has a remaining term of one year, followed by a five-year option. Rent increases are structured with a 5% bump at each option period. The current asking price is $1,500,000, representing a price per square foot of $136.36 and a 6.14% cap rate based on a net operating income (NOI) of $92,088. The corporate guarantee from NAPA provides significant security for investors. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities for taxes, insurance, and maintenance. This is a rare opportunity to acquire a well-established, high-performing asset with a strong tenant and a long-term lease history. The property's location in a busy retail area and the tenant's proven resilience during economic downturns make this a compelling investment prospect. The building was originally built-to-suit for NAPA's specific needs, ensuring optimal functionality and efficiency.

Location Insight

City

Williamstown

County

Gloucester

State

New Jersey

Longitude

-74.9923

Latitude

39.688

CBSA code

37980

CBSA name

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

Property Tax & Assessments