Investment Highlights
- Newly Renovated; Opening Projected Year End 2023! | Tenant Currently Paying Rent
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease With Nearly Full 20 Years Remaining
- Three Percent (3.00%) Annual Rental Increases Throughout The Base Term and Option Periods
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
- Dense Retail Corridor | Walmart, Target, BJ’s, Walgreens, Rite Aid, Wawa, Chick-fil-a, Best Buy, Lowes and Many More
- Strong Demographics | Population Exceeds 186,000 Individuals Within a Five-Mile Radius
- Affluent Community | Average Household Income Exceeding $97,000 Within a Three, Five, and Ten-Mile Radius
- Strong Traffic Counts | Over 28,500, 26,100 and 53,400 Vehicles Per Day Along
Investment Overview
NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for a Farm Stores located at 915 Cooper Street in Deptford, New Jersey. The site consists of roughly 385 rentable square feet of building space on estimated 0.34-acre parcel of land. This Farm Stores is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 5th, 2023. The current annual rent is $90,000 and is scheduled to increase by 3% annually throughout the base term and in each of the 2, 5-year renewal options.
Broker of Record
John Horowitz | Lic #: 2192359
