Listing Courtesy of: Keller Williams Realty (856) 321-1212
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This 10,000 SF commercial property, located at 5309 Marlton Pike W in Pennsauken, NJ, offers a strong investment opportunity with a stable, long-term income stream. The property is fully leased to Best Buy Furniture through 2034, ensuring minimal landlord responsibilities. Positioned on a 17,630 SF lot, the building is equipped with one drive-in loading dock and an additional rear garage door, enhancing its versatility for both retail and logistics uses. Although the site currently offers six parking spaces at the front, a rear section of the lot remains vacant, providing the potential to expand parking or support additional operational improvements. This asset is being offered at a 7.03% capitalization rate, supported by a dependable tenant and lease structure. Notably, the lease includes three scheduled rent escalations prior to expiration, which further enhances income growth over the hold period. Strategically located with convenient access to Philadelphia, the Philadelphia International Airport, and major South Jersey and Delaware transit routes, the property boasts excellent regional connectivity. This makes it an appealing option for investors seeking a stabilized asset with built-in rental growth in a high-demand commercial corridor.
Listing Courtesy of: Keller Williams Realty (856) 321-1212
School District: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Additional Information
ListDate: 2025-07-31 00:00:00.0
Possession: Immediate, Negotiable
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1960
Status: Active
Tax Year: 2025
Tax Amount: $21,041
Ownership Interest: Fee Simple
Business Type: Other/General Retail
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.