Overview

Description

The Net Lease Investment Sales Group at Avison Young has been exclusively retained to arrange the sale of a freestanding property located at 3750 New Jersey Route 42 in Turnersville, New Jersey.

With excellent visibility along New Jersey Route 42, also known as Black Horse Pike, the Property sits along one of the Philadelphia metro area’s premier retail corridors. The Property offers a 16,714 square-foot freestanding building on 2.26 acres of land and over 267 feet of frontage along Route 42.

The Property is currently vacant but was previously occupied by La-Z-Boy Furniture. The Property includes 2 ADA restrooms, a central alarm system, 60+ parking spaces and is fully sprinklered. Local demographics within a one-mile radius indicate ample income at an average $115,857 annually. This is an opportunity for an investor to be creative, and in turn, capitalize on a long-term, value-add opportunity.

The Property is less than 20 miles from downtown Philadelphia and strategically adjacent to nine major automotive dealerships in the Turnersville Auto Mall. The Property sees a higher volume of traffic along Route 42 (27,139 vehicles per day) due to its proximity to the Atlantic City Expressway (75,148 vehicles per day) while also being the preferred route for traffic avoiding the expressway tolls. Route 42 offers an extensive list of national retailers including Walmart Supercenter, Lowe’s Home Improvement, Target, Marshalls and Regal Cinemas to name a few. The Property presents an opportunity to acquire an asset with an immense upside for value-add.

Documents

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