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451 White Horse Pike 4,400 SF 100% Leased Retail Building Atco, NJ 08004 $2,246,128 CAD ($510.48 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Property is being offered at a year-1 in place cap rate of 8.25%
- This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis dispensary
- The subject property sits on approximately +3.13 acres, offering excess land that provides potential for future redevelopment or expansion
- The property is being offered at approximately $363/SF, below estimated replacement cost
- The property offers a significant competitive advantage with its fully equipped three-lane drive-thru
- The lease is backed by two successful business leaders, including a senior executive of a global manufacturing company with substantial revenue
Executive Summary
Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$2,246,128 CAD
Price Per SF
$510.48 CAD
Cap Rate
8.25%
NOI
$185,306 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
3.13 AC
Zoning
PHB
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-02001-0000-00070 | Improvements Assessment | $834,183 CAD |
| Land Assessment | $242,648 CAD | Total Assessment | $1,076,831 CAD |
Property Taxes
Parcel Number
35-02001-0000-00070
Land Assessment
$242,648 CAD
Improvements Assessment
$834,183 CAD
Total Assessment
$1,076,831 CAD
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451 White Horse Pike
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