Independence Plaza
1559-1561 Route 38, Lumberton, NJ 08048
Marketing description
Wolf Commercial Real Estate (WCRE | CORFAC International) is pleased to present Independence Plaza, a well-positioned, service-oriented neighborhood retail center located along the highly trafficked Route 38 corridor in Lumberton, New Jersey. This established asset offers a stable, diversified income stream supported by a strong mix of essential, community-based tenants, making it a compelling investment opportunity within the South Jersey market.
The property is comprised of five tenants, featuring a balanced mix of childcare, medical, experiential, and service-oriented users that generate consistent daily traffic and reinforce long-term occupancy stability. The center benefits from a history of strong tenant retention, with several occupants maintaining long-term tenancies, further enhancing the reliability of the income stream. This service driven tenancy reduces exposure to e-commerce disruption and positions the asset as a necessity-based retail destination within the community.
Independence Plaza generates a Net Operating Income (NOI) of $298,562.00, supported by annual income of $423,904.00 and stabilized operating expenses. The asset presents a durable investment profile with consistent cash flow and the potential for continued performance driven by its established tenancy and strategic location.
Positioned with excellent visibility and accessibility along Route 38, the property benefits from strong regional connectivity, high traffic counts, and proximity to a dense residential base. Independence Plaza represents an attractive opportunity to acquire a stabilized, income-producing retail center anchored by essential-use tenants in a proven corridor.
Investment highlights
- Fully leased service-based neighborhood center
- Anchored by national healthcare tenant
- Long-term tenancy and proven occupancy history
- Situated in affluent suburban trade area with strong demographics
- Needs-based tenant mix driving daily traffic
- Consistent cash flow from service-based tenants and limited turnover
- Strategic positioning along Route 38 corridor
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