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Listed by Jason Kleinman • Keller Williams Realty
$995,000
Est. payment /mo
10,000 SqFt
New
5309 MARLTON PIKE Pennsauken, NJ 08109
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $99
MLS Listing ID NJCD2098978
Year Built 1960
Annual Tax Amount $21,041
Tax Year 2025
Lot Size 0.405 Acres
Acres 0.4
Lot Dimensions 82.00 x 215.00
Property Sub-Type Retail
Source BRIGHT
Property Description
This 10,000 SF commercial property, located at 5309 Marlton Pike W in Pennsauken, NJ, offers a strong investment opportunity with a stable, long-term income stream. The property is fully leased to Best Buy Furniture through 2034, ensuring minimal landlord responsibilities.
Positioned on a 17,630 SF lot, the building is equipped with one drive-in loading dock and an additional rear garage door, enhancing its versatility for both retail and logistics uses. Although the site currently offers six parking spaces at the front, a rear section of the lot remains vacant, providing the potential to expand parking or support additional operational improvements.
This asset is being offered at a 7.03% capitalization rate, supported by a dependable tenant and lease structure. Notably, the lease includes three scheduled rent escalations prior to expiration, which further enhances income growth over the hold period.
Strategically located with convenient access to Philadelphia, the Philadelphia International Airport, and major South Jersey and Delaware transit routes, the property boasts excellent regional connectivity. This makes it an appealing option for investors seeking a stabilized asset with built-in rental growth in a high-demand commercial corridor.
Positioned on a 17,630 SF lot, the building is equipped with one drive-in loading dock and an additional rear garage door, enhancing its versatility for both retail and logistics uses. Although the site currently offers six parking spaces at the front, a rear section of the lot remains vacant, providing the potential to expand parking or support additional operational improvements.
This asset is being offered at a 7.03% capitalization rate, supported by a dependable tenant and lease structure. Notably, the lease includes three scheduled rent escalations prior to expiration, which further enhances income growth over the hold period.
Strategically located with convenient access to Philadelphia, the Philadelphia International Airport, and major South Jersey and Delaware transit routes, the property boasts excellent regional connectivity. This makes it an appealing option for investors seeking a stabilized asset with built-in rental growth in a high-demand commercial corridor.
Location
State NJ
County Camden
Area Pennsauken Twp (20427)
Zoning C-2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source None
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pennsauken Township Public Schools
Others
Tax ID 27-06102-00003 02
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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