803, 805, 807, 809- W Evesham Avenue
Magnolia, NJ 08049

RARE INVESTMENT OPPORTUNITY!!! 4 Interior units in a 6 unit strip mall on busy secondary corridor. 803 & 805 are separately deeded, and 807 & 809 are separately deeded. 803-805 are each approximately 16 x 40 (640 SF Each - Total 1,280 SF), and 807-809 are each approximately 16 x 50 (800 SF Each- Total 1,600 SF). Nail Salon pays $850. monthly with 3 years left on a 5 year lease (graduated at $50. annually). Chinese restaraunt pays $950. monthly with 3 years left on a 5 year lease (graduated at $50. annually). Owner pays Sewer, CCMUA, taxes and property insurance. Tenant pays gas, electric and water. and business insurance. 807 and 809 are significantly under rented....please do not negotiate the sales price based on the present rents, it has been taken into consideration with the sales price. 803 & 805 are vacant and the dividing/wall has been removed, but easily reinstalled to separate the storefronts if necessary. Gas Forced Heat, Central A/C, High Visibility Signage, 150-200 amp service, and 7 lined parking spaces w/Concrete Stops. 801 and 811 are owned and deeded separately, but not for sale currently. They are not my clients, but any potential buyer may be able to facilitate a sale with them in the future. Units will not be sold separately. The package includes 803, 805,807, and 809 W. Evesham Avenue for $300,000.