A well-established neighborhood shopping plaza with over 60 years of operating history in Lindenwold, NJ is being offered for sale. The property is situated on approximately 1 acre and is improved with a 13,000 SF retail building configured into seven (7) units. A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price. The property is strategically located within a densely populated residential area, providing a stable customer base and strong appeal to local retail and service-oriented tenants. Additionally, the presence of a similarly sized shopping center directly across the street enhances foot traffic and creates synergistic retail activity. The current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.
Turnkey Investment Property with positive income - available immediately! Fully occupied, mixed use triplex on a busy intersection in Camden County. Main level is a full service restaurant including basement with prep space, 2 walk-in boxes, and plenty of storage; fully equipped kitchen & dining space, plus handicap accessible restroom. The 2nd Level offer two occupied residential spaces, a 1BR unit and a 2BR unit. Restaurant has 12-13 parking spaces, 2-3 more spaces in back reserved for the apartment occupants, along with a separate entrance for residents. All 3 units are currently under lease and all tenants have history of paying on time.
Lindenwold is located in New Jersey. Lindenwold, New Jersey has a population of 21,048. Lindenwold is less family-centric than the surrounding county with 26.42% of the households containing married families with children. The county average for households married with children is 28.19%.
The median household income in Lindenwold, New Jersey is $48,454. The median household income for the surrounding county is $75,485 compared to the national median of $69,021. The median age of people living in Lindenwold is 37.3 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 46.5 inches per year, with 12.8 inches of snow per year.
