NNN Pro is pleased to present the exclusive listing for a Burger King located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 2,750 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/17/2021. The current annual rent is $112,500 and has scheduled increases of 10.00% every 5 years.
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 3403 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 6,700 rentable square feet of building space on an estimated 2.65-acre parcel of land. This offering also comes with developable land located on this parcel. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 6/16/2021. The current annual rent is $131,250 and has scheduled increases of 5.00% every 5 years.
Long-Term Absolute Net Leases | This investment features two buildings on a single parcel, occupied by strong national tenants, Burger King and Mavis. Both tenants operate under long-term absolute net leases with 20-year terms, ensuring stability and reliable income.
Attractive Rental Increases to Hedge Against Inflation | This investment features built-in attractive rental increases, providing a natural hedge against inflation. Mavis offers 5.00% rental escalations every five years, while Burger King delivers even more robust growth with 10.00% increases every five years.
In Close Proximity to Cumberland Mall | The property is strategically located in close proximity to Cumberland Mall, a major retail hub featuring over 100 national retailers. This prime location benefits from high foot traffic and strong consumer activity, further enhancing the visibility and attractiveness of the investment.
High Vehicles Per Day and High Visibility | The property boasts high visibility and significant traffic, situated off South Delsea Drive, which experiences over 22,000 vehicles per day. This prime location ensures strong exposure for both tenants, driving consistent customer traffic and enhancing the overall value of the investment.
Surrounded by National Retailers | The property is surrounded by a strong mix of national retailers, including ShopRite, Walmart, Lowe's, Target, Kohl's, PetSmart, Ross, Wawa, Chick-fil-A, Chipotle, Best Buy, The Home Depot, and many more. This retail corridor drives consistent foot traffic and provides an excellent draw for customers, further increasing the property's appeal and investment potential.
Heavy Foot Traffic from Hospital and Educational Institutions | The property benefits from heavy foot traffic due to its proximity to key institutions, including Inspira Medical Center Vineland, Rowan College of South Jersey Cumberland Campus, Cumberland County Technical Education Center, and Millville Public Charter School.