Overview
Mantua Plaza is a rare opportunity to acquire a neighborhood strip center in the heart of South Jersey with over 40 years of family ownership. The ±9,802-square-foot retail center is 88.9% occupied by a complementary mix of six established service-oriented tenants, many with long operating histories and annual rental increases. Situated along Bridgeton Pike (Route 45), which sees over 14,000 vehicles per day, the property benefits from strong local demographics, proximity to Philadelphia, and convenient access to Route 55, Route 322, and the New Jersey Turnpike. An existing 1,088-square-foot vacancy provides investors with immediate upside through lease-up and increased cash flow.
Investment Highlights
LONG TIME OWNERSHIP – 40 + YEARS IN THE FAMILY
• Rare south jersey strip center opportunity
IMMEDIATE NOI GROWTH OPPORTUNITY
• One remaining 1,088 SF vacancy provides the opportunity to increase annual Net Operating Income by approximately $21,760 upon lease-up at $20.00 PSF.
~10,000 SQ FT STRIP CENTER OPPORTUNITY IN SOUTH JERSEY WITH EXCELLENT REAL ESTATE FUNDAMENTALS
• ~90% Occupied l .97 Acres l 40 Parking Spaces l 14K VPD on Bridgeton Pike(NJ Route 45) l Tenants have 3% Annual Increases
SIX (6) SERVICE–ORIENTED TENANTS WITH A LONG-TERM OPERATING HISTORY
• 45% of the GLA has been operating at this location for over 10+ Years
• Complementary Tenant mix that works well off each other and creates customer synergy/cross traffic.
SUBURBAN/RURAL SUBMARKET WITH STABLE DEMOGRAPHICS & HIGHLY RATED PUBLIC SCHOOL SYSTEM
• Within a 3 miles radius, the AHI is $137K and the Population is $137K
• Clearview Regional High School is a well-respected high school in the submarket with 1,412 students
PROXIMITY TO PHILADELPHIA & MAJOR HIGHWAYS
• Only 30 minutes outside of Philadelphia with highway access to NJ Tpke, 322, and Parallel to 55.
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Sales Team
License #: PA: RS336064, NJ: 1863254
(215) 531-7056mark.krantz@marcusmillichap.com