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The Shoppes at Cross Keys

Strip Center | 6.76% CAP | 12,300 SF

Listing Contacts

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Active

Asking Price: $4,200,000
Address 

609 Berlin - Cross Keys Rd, Gloucester Township, NJ 08081

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Date Added
Feb 25, 2025
Days on Market
58 days
Time Since Last Update
15 days

Details

Property TypeRetail
SubtypeShopping Center, Strip Center
TenancyMulti
Number of Tenants8
Square Footage12,300
Cap Rate6.76%
Units8
Year Built2009
Buildings1
Stories1
ZoningCommercial/TBD
Lot Size (acres)1.88
Parking (spaces)64
APN15-18501-0000-00019
OwnershipFee Simple
Sale ConditionFor sale by owner

Marketing Description

The Shoppes at Cross Keys represents a premier investment opportunity in one of the region’s vibrant and thriving retail corridors.​ This well-maintained property showcases a timeless brick façade that not only enhances its curb appeal but also underscores its quality construction.​ With minimal capital improvement requirements, the property ensures a lower cost of ownership while maintaining its ability to attract high-caliber tenants.​ The center features flexible configurations tailored to small-format retailers, allowing for diverse leasing opportunities that align with evolving market demands.​ Positioned just off a signalized intersection with direct access to the Atlantic City Expressway, the property offers excellent ingress and egress, further amplifying its appeal.​

The Shoppes at Cross Keys is strategically located in an area supported by robust demographics.​ Sicklerville is currently growing at a rate of 7.69% annually and its population has increased by 18.94% since the most recent census.​ Within a 5-mile radius, there are 145,296 residents and over 54,000 households, with an average household income exceeding $122,500, demonstrating strong purchasing power and sustained retail demand.​ The property benefits from limited direct competition in the immediate vicinity, enhancing its positioning as a key retail destination.​ Its proximity to other retail hubs, combined with its superior visibility and accessibility, make it an ideal choice for tenants looking to maximize exposure and convenience.​ With its combination of high-quality construction, excellent location, and strong market fundamentals, The Shoppes at Cross Keys offers significant long-term value and growth potential for investors seeking a stable and attractive retail asset.​

Investment Highlights

  • Strong Demographics

    • 144,296 residents within a 5-mile radius

    • Average HHI exceeding $122,500

  • Prime Location

    • Positioned off a signalized intersection with excellent visibility

    • Direct access to Atlantic City Expressway

    • Limited direct competition enhances tenant appeal

  • High-Quality Asset

    • Timeless brick façade enhancing curb appeal

    • Minimal capital improvements required, ensuring low cost of ownership

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Listing Contacts

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