Jiffy Lube

  • $1,050,000
1349 Blackwood Clementon Rd - Clementon, NJ
For Sale

Jiffy Lube

1349 Blackwood Clementon Rd - Clementon, NJ
  • $1,050,000

Property Highlights

  • 7+ Years Remaining on an Absolute Net Lease with Team Car Care Group (550+ Units)
  • Largest Jiffy Lube Operator in the Country | Formely known as Heartland Automotive 
  • Annual Increases of 2.5% Throughout the Base Term and Options Provides a Hedge Against Inflation
  • Average Return over the Remaining Term of the Lease is 7.65% at List Price
  • Long-Term Historical Occupancy | Location has Operated as a Jiffy Lube for Nearly 30 Years
  • Average Household Income within 3 and 5-Miles | $88,416 & $96,755 Per Year
  • Strategically Located Amongst Dense Retail and Residential Areas | Less  than 1-Mile from Route 42 which connects Atlantic City to Philadelphia
  • Blackwood is home to the main campus of Camden County College with a total enrollment of 12,051 as of 2020

Broker of Record
Brian Hosey
(201) 742-6100
Lic #: 1434917

Details

  • Price: $1,050,000
  • Year Built: 1988/2018
  • Property Type: Single Tenant
  • Property Status: For Sale

Additional Details

  • Price/SF: $477.27
  • Cap Rate: 7.10%
  • Rentable Area: 2,200 SF
  • Lot Size: 1.29 AC
  • Parking Spaces: 12
  • Zoning : GB
  • APN/Parcel ID: 15 20303-0000-00003
  • Cross Streets: Blackwood Clementon Rd & Little Gloucester Rd
  • Address 1349 Blackwood Clementon Rd
  • City Clementon
  • State/county New Jersey
  • Zip/Postal Code 08021

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