Listed by Landmark Commercial Real Estate Services
Unpriced
Hamilton Power Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 107,183
NOI $1,051,678
Occupancy 88.8%
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Acreage 10.410
Hamilton Power Center | 107,183 SF | Mays Landing, NJ
Marketing description
LONG TERM, INTERNET RESISTANT LEASES
- The shopping center provides a buyer group with relative tenant stability as the lease expirations range from 2026 to 2029. Planet Fitness, Get Air, and DaVita Dialysis are all internet resistant uses.
- Weighted average lease term – 5.32 years.
VALUE-ADD OPPORTUNITY
- 12,000 SF (11% of the total GLA) is available for lease allowing the next ownership group to eventually increase the NOI of the property.
PAD OF MALL LOCATION
- Subject property is a pad to the Hamilton Mall (428,996 SF) and is surrounded by national retailers including Walmart, Target, Hobby Lobby, Macy’s, H&M, Kohl’s, Burlington, BJ’s, ULTA, Dick’s, etc.
ATLANTIC CITY SUBURB
- This location is just over 10 miles from Atlantic City, one of the most popular tourist destinations in the United States with over 9 casino resorts and 20,000 hotel rooms.
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,051,678.00
$87,639.83/mo
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