Skip to main content

Shopping Strip

Family Dollar + Liquor Store

313 Marlton Pike, Camden, NJ 08103

Listing Price: $2,414,632

Cap Rate
7.25%
Gross SF
10,915
Rentable SF
10,915
Price/Gross SF
$221.22
Lot Size
0.45 acres
Year Built
2008

Investment Overview

Family Dollar (89% of the GLA & 9,715 sq ft) • Tenant makes up 88% of the Center’s Base Rental Income & has occupied the space since January 1, 2008 • The Lease is projected to run through January 2027, at which point Tenant has four, (5)-year option terms remaining featuring 9% Rent Escalations • Per Placer.ai Foot traffic analytics, this location is a strong performer in the State (30/91) seeing 67K Visitors annually • The Firm operates two Brands of Family Dollar & Dollar Tree, which together makeup the largest dollar store chain in North America • The Brand has a stable credit rating of BBB (S&P), Annual Revenues in excess of $23 Billion, & employs over (60K) personnel Tom’s Liquor (11% of the GLA & 1,200 SF) • Tenant makes up 12% of the Center’s Base Rental Income & has occupied the space since April 1, 2011 • The Operator executed a (5)-Year Lease Extension in August 2020 • The Lease runs through March 2026, having over four years of term remaining, & two, (5) year option terms featuring (3%) Annual Rent Escalations

Investment Highlights

  • Opportunity to Purchase a 10,915 SF Neighborhood Strip Center Anchored by Family Dollar
  • Situated on a 0.45-Acre Parcel along a Primary Commuter Corridor with over 9.5K Vehicles per Day
  • The Building has a Proven Track Record of Tenant Commitment as demonstrated by recent Lease Extensions
  • Predictable NOI Growth through Base Rent & Option Term Escalations

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Shopping Strip

Family Dollar + Liquor Store

Listing Price: $2,414,632

Cap Rate
7.25%
Gross SF
10,915
Rentable SF
10,915
Price/Gross SF
$221.22
Lot Size
0.45 acres
Year Built
2008

Investment Highlights

  • Opportunity to Purchase a 10,915 SF Neighborhood Strip Center Anchored by Family Dollar
  • Situated on a 0.45-Acre Parcel along a Primary Commuter Corridor with over 9.5K Vehicles per Day
  • The Building has a Proven Track Record of Tenant Commitment as demonstrated by recent Lease Extensions
  • Predictable NOI Growth through Base Rent & Option Term Escalations

Investment Overview

Family Dollar (89% of the GLA & 9,715 sq ft) • Tenant makes up 88% of the Center’s Base Rental Income & has occupied the space since January 1, 2008 • The Lease is projected to run through January 2027, at which point Tenant has four, (5)-year option terms remaining featuring 9% Rent Escalations • Per Placer.ai Foot traffic analytics, this location is a strong performer in the State (30/91) seeing 67K Visitors annually • The Firm operates two Brands of Family Dollar & Dollar Tree, which together makeup the largest dollar store chain in North America • The Brand has a stable credit rating of BBB (S&P), Annual Revenues in excess of $23 Billion, & employs over (60K) personnel Tom’s Liquor (11% of the GLA & 1,200 SF) • Tenant makes up 12% of the Center’s Base Rental Income & has occupied the space since April 1, 2011 • The Operator executed a (5)-Year Lease Extension in August 2020 • The Lease runs through March 2026, having over four years of term remaining, & two, (5) year option terms featuring (3%) Annual Rent Escalations

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

MM Texture Background
MM Textured Background Lower