Multi Tenant Retail
Dollar Tree Plaza
600-724 N. 2nd St Millville, NJ
Listing Price: $2,500,000
Cap Rate
8.50%
Net Operating Income
$212,006
Occupancy
84.5%
Lot Size
3.46 ACRES
Rentable SF
33,841 SF
Year Built
1962
# Of Tenants
Eight (8) Tenants
Investment Highlights:
Exclusivley Listed By:
SENIOR VICE PRESIDENT INVESTMENTS
DERRICK DOUGHERTY
(215) 531-7026
» 33,841 square foot neighborhood retail center featuring Eight (8) Tenants and sitting on 3.46 acres with 200+ Car Spaces. Dollar Tree and Family Dollar represents 60% of GLA where Family Dollar recently spent money to install refrigerators at subject location.
» Current ownership has been able to reposition a majority of the former Save a Lot space with Family Dollar and Dollar Tree in 2021. Within the last year (2024), ownership has inked two new leases with food users (Taiwanese and Jamaican).
» This property presents an opportunity for a new owner to lease out the last 5,246 square feet (15.50%) end cap space. Potential pad site opportunity next to the Advance Auto Parts.
» Within a 3 Mile Radius the AHHI is $81K with a Population of 29K. 45 miles South from Philadelphia l 5 miles North of Millville Executive Airport | About a Half a Mile West of Millville Memorial High School (1,640 Students) l Manufacturing Contributes to Local Economy