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11565764
11565763

640 Creek Rd, Bellmawr, NJ 08031

AM
FL SL3507121
Matthews
DG
FL SL3463209 (FL)
Matthews
BS
OH# 2018002569
Matthews
RG
OH - 2018005194
Matthews
Listed by Matthews
$2,676,118
1107 days on market
Updated 77 days ago

Curaleaf

Details
APN 04 00059-0000-00002
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 13,005
Cap Rate 7.83%
NOI $209,486
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/31/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options 2 x 5-Years
Price per SqFt $206
Broker Co-Op Yes
Acreage 0.610
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/29/2019
Ground Lease No
Ownership Fee Simple

Retail | 7.83% CAP | 13,005 SqFt

Investment highlights

  • PORTFOLIO OVERVIEW - This property is part of a portfolio. The 5-unit Curaleaf portfolio is comprised of 4 Curaleaf retail locations and 1 industrial facility throughout Florida, New Jersey, and Massachusetts. The properties can be purchased as a portfolio or individually.

  • MASTER LEASES - Each of the five properties' coterminous master leases are tied together through a common thread-defined term provision whereby any option for renewal term on one asset may only be exercised if the option for renewal on the rest of the portfolio is also exercised simultaneously

  • ABSOLUTE NNN - There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.

  • CORPORATE GUARANTEE - Curaleaf is one of the largest operators in the country, operating over 150 dispensaries and 28 cultivation sites across 19 states.

  • ATTRACTIVE RENTAL INCREASES - 3.00% Annual Rental Increases providing investors with a hedge against inflation.

Listing Contacts

AM
FL SL3507121
Matthews
DG
FL SL3463209 (FL)
Matthews
BS
OH# 2018002569
Matthews
RG
OH - 2018005194
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$209,486.00
$17,457.17/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

Map

Zoning

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L-I IndustrialLight IndustrialLight Industrial
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View all 26 uses
View all 26 uses
Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Patrick Forde
License
License NO. 2330333, 122887 (NJ)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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