Jiffy Lube

  • $1,035,000
2100 Marlton Pike East - Cherry Hill, NJ
For Sale

Jiffy Lube

2100 Marlton Pike East - Cherry Hill, NJ
  • $1,035,000

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 6.91% at List Price
  • Long-Term Historical Occupancy | Location has Operated as a Jiffy Lube for Nearly 38 Years
  • Average Household Income within 1 and 3-Miles | $124,453 & $102,491 Per Year
  • Strategically Located Amongst Dense Retail and Residential Areas | Positioned near other National Brand Tenants such as Walmart, HomeGoods, McDonald’s, and Chick-fil-a
  • Easily Accessible to Interstate-295 and New Jersey Turnpike | Both Major Throuroghfares Providing Entryway to Various Localities in New Jersey, Delaware, Pennsylvania, and New York 

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

Details

  • Price: $1,035,000
  • Year Built: 1988/2018
  • Property Type: Single Tenant
  • Property Status: For Sale

Additional Details

  • Price/SF: $604.56
  • Cap Rate: 6.72%
  • Rentable Area: 1,712 SF
  • Lot Size: 0.63 AC
  • Parking Spaces: 8
  • Zoning : B2
  • APN/Parcel ID: 09 00470- 10-00015
  • Cross Streets: Marlton Pike East & Hwy 73
  • Address 2100 Marlton Pike East
  • City Cherry Hill
  • State/county New Jersey
  • Zip/Postal Code 08003

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