THE EXCHANGE
Mixed Use | 5.22% CAP | 5,000 SqFt
Marketing description
Prime Commercial Investment Opportunity in Galloway Township. Introducing The Exchange, a highly visible and well-known commercial property located on a heavily traveled roadway in Galloway Township. This unique mixed-use commercial building features multiple established
food-service spaces along with an attached convenience store, creating a diverse and attractive business environment. The property offers excellent exposure, ample on-site parking with approximately 45 parking spaces, and strong potential for investors or owner-operators seeking a
prominent commercial location. Also included in the offering is the adjacent vacant lot, which has received approval from Galloway Township for the construction of a 2,800-square-foot commercial building. The project is currently in the final stage of the approval process, pending review
and approval from Atlantic County. This presents an excellent opportunity for expansion, new development, or additional income potential. For additional information or to schedule a private tour, call 609-346-4782. Current CAP Rate is based on building 1 only. Once you build the next building, you will be at almost a 9% cap rate.
**Real estate only is being offered for sale; businesses are not included in the transaction.
Investment highlights
Income- Fully leased building with tenants in the food business. Castillos, Poppy's Bagels, Home Sweet Home, Root and Berry, and La Esquinita Mini Market.
Long Term Leases- The businesses have leases until 2028 to 2030. Rents are increasing every year. Current tenants have made substantial renovations to their space, showing long-term commitment.
Demographics- The population within a 5-mile radius of Galloway, New Jersey, is approximately 39,233 residents. The average household income ranges from $90,047 to $109,173.
Location- High-visibility location with approximately 20,000 vehicles passing daily.
Land- there is a free small, standing building on the land. Waiting on one more thing from Atlantic County to finalize the build for the potential buyer. Township approved for a 4-unit building of 2800 sq ft total. Once completed, it will between $100k and $125k additional.
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