Property History
As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 2070 Route 70, Cherry Hill, New Jersey 08003 for sale. The asset consists of a ±14,540 SF retail center that is 100% leased to four tenants and sits on 1.46 acres. The site benefits from over 340’ of frontage on Route 70, which sees over 53,000 vehicles per day on average, bolstering demand for the tenant businesses at this location. The property is occupied by Leslie’s Pool Supplies, Cycle Gear, DPI (Printing Services) and Image Wear (Promotional Products) offering a tenant mix that is resilient to the shift to online retail.
Cherry Hill is one of Southern New Jersey’s most established and affluent suburban communities, functioning as a premier bedroom market for Philadelphia with convenient access via I-295, the New Jersey Turnpike, and the PATCO Speedline. The township benefits from strong household incomes, dense residential neighborhoods, and consistent retail demand driven by its proximity to Downtown Philadelphia. Route 70 serves as a primary east-west commercial corridor through Camden County, linking Cherry Hill to surrounding municipalities and major highways while supporting a critical mass of national retailers, service providers, and daily-needs businesses. This strategic positioning continues to drive strong consumer traffic and reinforces the long-term viability of retail assets along the corridor. NOI for 2070 Route 70 is $232,393.
Superior Property Fundamentals
- 343’ of frontage on Route 70 supports tenant visibility to passing drivers
- Strong daily traffic counts of 53,000+ vehicles enhance exposure and drive consistent customer flow
- Efficient site layout with ample parking to support a diverse mix of retail and service-oriented tenants
Investment Metrics That Work
- 100% leased to 4 tenants with an average suite size of 3,640 SF
- In-place NOI of $232,393 with contractual rent escalations providing built-in income growth
Stable and Growing Market
- Located in Cherry Hill, one of Southern New Jersey’s most affluent and densely populated suburbs
- Proximity to Philadelphia supports strong commuter-driven population and consumer spending
- Positioned along Route 70, a primary retail corridor with national tenancy and sustained demand
- Continued residential and commercial growth throughout Camden County reinforces long-term fundamentals
Loan History
Financial History
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