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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:

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FIRST VICE PRESIDENT INVESTMENTS
MARK KRANTZ

(215) 531-7056
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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

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