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3470 S Delsea Dr 5,446 SF 100% Leased Retail Building Vineland, NJ 08360 $2,021,711 CAD ($371.23 CAD/SF) 5.04% Cap Rate



Investment Highlights
- 100% occupied #of units: 4 occupied by three tenants. Tenants pay outside light and water along with the Lease agreement currently terms/options 1 to
Executive Summary
Welcome to an incredible investment opportunity at this prime strip mall, strategically located on the bustling S Delsea Drive and the corner of College Avenue, just moments away from the Cumberland County Mall. With a total of 5,500 sq ft of rental space and currently boasting 100% occupancy, this property features four vibrant units filled with diverse tenants, including a salon, a vapor shop, and a delightful water ice stand. Recent upgrades, including a brand-new roof installed in 2020 and modern HVAC systems in two stores, ensure a hassle-free experience for both tenants and owners. The parking lot has been revitalized with fresh blacktop and newly lined spaces in 2023, enhancing accessibility for customers. Additional details regarding security deposits, rent escalations, and lease terms are meticulously documented for your convenience. Plus, there is a small residential house at the back of the property, ready for rejuvenation, presenting a fantastic rental potential of $1,200 per month thru a year. Seize this opportunity to invest in a thriving retail space with established tenants and endless potential for growth! Contact the listing agent for comprehensive details, including lease specifics and expense breakdowns. Your next successful venture awaits!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,446 SF
Building Class
B
Year Built
1960
Price
$2,021,711 CAD
Price Per SF
$371.23 CAD
Cap Rate
5.04%
NOI
$101,962 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.36 AC
Zoning
B-3
Parking
25 Spaces (4.59 Spaces per 1,000 SF Leased)
Frontage
189’ on Delsea Dr
Amenities
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-07001-0000-00034 | Improvements Assessment | $647,821 CAD |
| Land Assessment | $376,709 CAD | Total Assessment | $1,024,531 CAD |
Property Taxes
Parcel Number
14-07001-0000-00034
Land Assessment
$376,709 CAD
Improvements Assessment
$647,821 CAD
Total Assessment
$1,024,531 CAD
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3470 S Delsea Dr
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