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34215371
34215370

1559-1561 Route 38, Lumberton, NJ 08048 For Sale

JW
NJ NJ 9696397
Wolf Commercial Real Estate New Jersey
WCRE
Listed by Wolf Commercial Real Estate New Jersey, WCRE
Unpriced
14 days on market
Updated 12 days ago

Independence Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 18,210
Net Rentable (SqFt) 18,210
NOI $298,562
Occupancy 100%
Tenancy Multi
Brand/Tenant Laurel Tree Academy, Edge Dance Center (+3)
Pro-Forma NOI $298,562
Year Built 1997
Stories 1
Acreage 2.320
Investment Type Stabilized

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

Listing Contacts

JW
NJ NJ 9696397
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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$298,562.00
$24,880.17/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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