640 Creek Rd Bellmawr, NJ 08031

This exceptional investment opportunity presents a fee-simple, 13,005-square-foot retail pharmacy in Bellmawr, New Jersey. Located at 640 Creek Rd, 08031, this property boasts a strong 7.22% cap rate and a substantial net operating income (NOI) of $203,384. The property is currently 100% occupied under a 10-year absolute NNN lease with Curaleaf, a major national operator, providing a corporate guarantee. The lease commenced August 29, 2019, and expires August 31, 2029, with 4.8 years remaining. Annual rent bumps of 3% offer inflation protection. The lease includes two 5-year renewal options, exercisable simultaneously with other properties in a five-unit portfolio. This is a passive investment opportunity with zero landlord responsibilities. The asking price is $2,676,118 ($205.78/sq ft), and the 0.61-acre lot is situated in Camden County. This property is part of a larger portfolio, but can be purchased individually. The lease is a master lease with a common thread-defined term provision for renewal options.