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Shopping Neighborhood

Cherry Hill Center

1200 Haddonfield Rd, Cherry Hill, NJ 08002

Listing Price: $6,324,349

Cap Rate
6.75%
Gross SF
17,800
Rentable SF
17,800
Price/Gross SF
$355.30
Lot Size
1.50 acres
Year Built
2015

Investment Overview

Tenant & Brand Highlights: » Zoe’s Kitchen: Fast casual Mediterranean Chain l Recently acquired($300M) by Cava in 2018 l 326 locations across the United States » Mattress Warehouse: 250 Locations Across 7 States l Independently owned over 30 Years in the Business (1989) l Generated approximately $60 Million in revenue in 2020 » Pho 9: Two Locations l Family-owned business with traditional Vietnamese dishes and fast and friendly service with » Escape Room Mystery: Popular family-friendly game entertainment center with another location in King of Prussia Location Highlights: » Explosive Retail Corridor: The center is located along Haddonfield Rd (29k VPD) and directly across the street from the most dominant Wegmans in the state of New Jersey where the Market Place at Garden State Park has almost 1M Monthly Visitors » Suburban Growth: Since the Pandemic – there has been a shift towards suburban life. Currently about 1,694 housing units Built/Under Construction across the street (Park Place 101 Townhomes l 259 Condos & Park Lane 726 Apartments) » Location & Transportation: Strategically positioned less than 10 miles from Philadelphia l Access to Route 70, Route 38, and PATCO Train Station » Exceptional Demographics: Within a dense 5-mile radius, there are 308,000+ residents with average household income of about $100,000

Investment Highlights

  • Multi-Tenant: Opportunity to Own a 100% Occupied Neighborhood Center in Cherry Hill, NJ - One of Wealthiest Suburbs Outside of Philadelphia
  • Recently Developed: The center was recently built in 2014/2015 and sits on 1.5 Acres along Haddonfield Rd (29K VPD) across the street from one of most Dominant Wegman's in the State of New Jersey
  • The site features 17,800 square feet of retail Occupied by Four (4) Tenants such as Zoe's Kitchen, Mattress Ware-house, Pho 9, and the Escape Room (2nd Floor)
  • Cash Flow Investment: Attractive Turnkey Investment with Strong Cash Flow Located along one of the Most Explosive Retail Corridors in Camden County, NJ cutting through Route 70 and Route 38.
  • Capitalize on a Shift in Lifestyle: As the pandemic accelerated the shift from people moving from the city to the suburbs is at an all time high

Exclusively Listed By

Financing By

Shopping Neighborhood

Cherry Hill Center

Listing Price: $6,324,349

Cap Rate
6.75%
Gross SF
17,800
Rentable SF
17,800
Price/Gross SF
$355.30
Lot Size
1.50 acres
Year Built
2015

Investment Highlights

  • Multi-Tenant: Opportunity to Own a 100% Occupied Neighborhood Center in Cherry Hill, NJ - One of Wealthiest Suburbs Outside of Philadelphia
  • Recently Developed: The center was recently built in 2014/2015 and sits on 1.5 Acres along Haddonfield Rd (29K VPD) across the street from one of most Dominant Wegman's in the State of New Jersey
  • The site features 17,800 square feet of retail Occupied by Four (4) Tenants such as Zoe's Kitchen, Mattress Ware-house, Pho 9, and the Escape Room (2nd Floor)
  • Cash Flow Investment: Attractive Turnkey Investment with Strong Cash Flow Located along one of the Most Explosive Retail Corridors in Camden County, NJ cutting through Route 70 and Route 38.
  • Capitalize on a Shift in Lifestyle: As the pandemic accelerated the shift from people moving from the city to the suburbs is at an all time high

Investment Overview

Tenant & Brand Highlights: » Zoe’s Kitchen: Fast casual Mediterranean Chain l Recently acquired($300M) by Cava in 2018 l 326 locations across the United States » Mattress Warehouse: 250 Locations Across 7 States l Independently owned over 30 Years in the Business (1989) l Generated approximately $60 Million in revenue in 2020 » Pho 9: Two Locations l Family-owned business with traditional Vietnamese dishes and fast and friendly service with » Escape Room Mystery: Popular family-friendly game entertainment center with another location in King of Prussia Location Highlights: » Explosive Retail Corridor: The center is located along Haddonfield Rd (29k VPD) and directly across the street from the most dominant Wegmans in the state of New Jersey where the Market Place at Garden State Park has almost 1M Monthly Visitors » Suburban Growth: Since the Pandemic – there has been a shift towards suburban life. Currently about 1,694 housing units Built/Under Construction across the street (Park Place 101 Townhomes l 259 Condos & Park Lane 726 Apartments) » Location & Transportation: Strategically positioned less than 10 miles from Philadelphia l Access to Route 70, Route 38, and PATCO Train Station » Exceptional Demographics: Within a dense 5-mile radius, there are 308,000+ residents with average household income of about $100,000

Exclusively Listed By

Financing By

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