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29432557
29432558

2 Locations For Sale

JW
NJ NJ 9696397
Wolf Commercial Real Estate New Jersey
RB
NJ 1111483
Wolf Commercial Real Estate New Jersey
WCRE
Listed by Wolf Commercial Real Estate New Jersey, WCRE
Unpriced
170 days on market
Updated 9 days ago

Grove Office Plaza

Details
Property Type Office
Sub Type Traditional Office
Square Footage 43,866
Cap Rate 10.00%
NOI $359,788
Occupancy 80%
Tenancy Multi
Brand/Tenant Pennoni
Lease Term 6.7
Class B
Buildings 2
Acreage 1.420

Office | 10.00% CAP | 43,866 SqFt

Marketing description

Wolf Commercial Real Estate (WCRE | CORFAC International), as the exclusive broker, is pleased to present Grove Office Plaza, an investment opportunity encompassing 515 Grove Street and 504 White Horse Pike in Haddon Heights, New Jersey. 515 Grove Street, an exceptional Class "B" mid-rise office building spans 41,289 square feet, anchored by Pennoni who signed a 7 year renewal in October of 2025, and is leased to ten (10) total tenants offering a stable and diversified income stream. This prime asset is strategically positioned near thriving residential communities in Haddonfield, Cherry Hill and Collingswood. Its premier location on heavily traveled White Horse Pike, just minutes from the Interstate 295 and New Jersey Turnpike, offers unmatched accessibility to various surrounding communities, businesses, and retailers.

Grove Office Plaza in Haddon Heights, New Jersey, boasts a prime location near a blend of national and local attractions. It is conveniently close to national retailers such as ShopRite, Home Depot, and PetSmart, while also offering easy access to the charming boutique shops and renowned restaurants on Haddonfield's main street, including Kings Road Brewery, Gouldsburger, Tre Famiglia, and The Little Hen. Additionally, the property is situated near leading healthcare providers like Cooper Health and Advocare. With its proximity to the Haddonfield PATCO station—less than two miles away—and multiple NJ Transit bus routes, 515 Grove Street is ideal for businesses seeking a well-connected and vibrant community setting.

Investment highlights

  • Class "B" mid-rise office building situated in a high income neighborhood serving Collingswood, Haddonfield, and Cherry Hill markets
  • 80% Leased to ten tenants, anchor Tenant renewed for 7 years in October of 2025
  • Located on White Horse Pike (Route 30), with 23,000 vehicles per day and Less than 2 miles to Haddonfield PATCO station
  • Immediate Access to I-295 and NJ Turnpike connecting to Camden, Cherry Hill, and Philadelphia metro markets
  • Strong Local Population Base: Average HH income > $120,000 within 3 miles
  • 53,000+ residents within 1 mile; 303,000+ within 3 miles

Listing Contacts

JW
NJ NJ 9696397
Wolf Commercial Real Estate New Jersey
RB
NJ 1111483
Wolf Commercial Real Estate New Jersey
WCRE
Listed by Wolf Commercial Real Estate New Jersey, WCRE

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$359,787.58
$29,982.30/mo

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Additional Information

Name
Jason Wolf
License
NJ 9696397
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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