1400 white horse pike...subject property 1400 white horse pike demographics population 1 mile 3...

1400 White Horse Pike

PREPARED BY

Bryant Lafferty

Broker Manager

Underwriting Report - Retail Property

16,754 SF Retail Bowling Alley

Egg Harbor City, New Jersey - Atlantic City/Hammonton Sub…

SUBJECT PROPERTY

Property Details 2

MARKET SUMMARY

Atlantic City Market Summary 8

Atlantic City Economic Summary 9

PEER PROPERTIES

Peer Properties Summary 12

Peer Property Photos 15

Peer Property Details 17

Peer Property Comparison 26

LEASING ANALYTICS

Atlantic City Vacancy Analytics 32

Rent Analytics 36

Absorption Analytics 37

Leasing Analytics 38

CONSTRUCTION

Overall Construction Summary 41

Atlantic City Construction 42

Atlantic City/Hammonton Construction 43

Construction Activity 46

Completed Construction Past 12 Months 51

Deliveries Past 12 Months Property Details 53

Under Construction Summary 54

Under Construction Property Details 55

SALE COMPS

Investment Trends 57

Sale Comp Details 60

Sales Volume 70

Sales Pricing 71

Cap Rates 73

Top Buyers & Sellers 74

DEMOGRAPHICS

Income and Spending 77

Table Of Contents

11/4/2020Copyrighted report licensed to RE/MAX Connection Commercial - 116313

REMAX CONNECTION BRYANT LAFFERTY

Table Of Contents

APPENDIX

Historical Leasing Data 80

Historical Construction Data 82



Subject Property1400 White Horse Pike

1400 White Horse PikeEgg Harbor City, NJ 08215 - Atlantic City/Hammonton

OWNER

George Hennessy

Saint Louis Avenue/White Horse… 2.8K

Atlantic Avenue/Buffalo Ave 2.8K

Havana Ave/Campe St 355

Philadelphia Ave/Atlantic Ave 10.5K

TRAFFIC COUNTS

Location Score: Below National Avg (15)

Walk Score®: Car-Dependent (46)

Transit Score®: Minimal Transit (0)

LOCATION

Type: Bowling Alley Tenancy: 1 Tenant

Center: - Construction: -

GLA: 16,754 SF Land Acres: 2 AC

Yr Blt/Renov: 1959; Renov 2005 Building FAR: 0.24

Floors: 1 Total Expenses: -

Docks: -

Parking: 65 Surface Spaces are available; Ratio of 3.88/1,000 SF

Features: -

Frontage: -

PROPERTY

Property:

Peers Total:

-

-

Peers Count: 17

Peers Avg: -

Submarket: 65,077

12 MO. LEASING SF ACTIVITY

Current:

Last Quarter:

$12 - 15 (Est.)

-

Year Ago: -

Peers (Market Rent): $14.74

Submarket (Market Rent): $15.11

NNN ASKING RENTS PER {0}

Current:

Last Quarter:

0%

0%

Year Ago: 0%

Peers: 0%

Submarket: 8.0%

VACANCY

Currrently No Available Spaces

AVAILABLE SPACES


REMAX CONNECTION BRYANT LAFFERTY Page 2

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SITE PLAN

TENANTS

Tenant Chain Move Date Exp DateSF OccupiedStore Type

Pizza Guys Yes Mar 2020 --Pizza



http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=TTW&redirUrl=%2FRedir%2FDefault.aspx%3Fcid%3D173608081%26ProductMode%3DTenanthttp://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=TTW&redirUrl=%2FRedir%2FDefault.aspx%3Fcid%3D173608081%26ProductMode%3DTenant


AERIAL VIEW




DEMOGRAPHICS

10 Min. Drive10 Miles5 MilesPopulation 1 Mile 3 Miles

Population 16,217100,99319,5414,250 8,366

5 Yr Growth -1.9%-1.6%-2.4%-1.9% -1.5%

Median Age 41413841 43

5 Yr Forecast 41413941 43

White / Black / Hispanic 77% / 15% / 18%72% / 14% / 16%75% / 17% / 18%76% / 17% / 25% 80% / 14% / 20%

5 Yr Forecast 77% / 15% / 19%72% / 14% / 16%75% / 17% / 18%76% / 17% / 27% 80% / 14% / 21%

Employment 8,12948,5467,2581,102 2,421

Buying Power $433.7M$2.5B$481.4M$95M $216.3M

5 Yr Growth 0%0%-0.2%-1.0% 1.0%

College Graduates 29.7%23.7%23.2%13.6% 18.4%

Household

Households 6,02835,5716,8891,684 3,238

5 Yr Growth -1.9%-1.7%-2.5%-1.8% -1.5%

Median Household Income $71,948$70,783$69,885$56,387 $66,804

5 Yr Forecast $73,317$72,016$71,521$56,848 $68,494

Average Household Income $90,408$91,102$90,564$65,640 $83,620

5 Yr Forecast $92,440$93,222$93,365$66,801 $85,898

% High Income (>$75k) 47%47%46%33% 43%

Housing

Median Home Value $218,304$206,728$211,351$159,330 $196,135

Median Year Built 1979198519801953 1964

Owner / Renter Occupied 68% / 32%79% / 21%70% / 30%63% / 37% 69% / 31%




TRAFFIC COUNTS

Count YearTraffic Volume Dist from SubjectCollection Street Cross Street - Direction

COUNTS BY STREETS

Saint Louis Avenue White Horse Pike - NE 2,796 2020 0.33 mi1

Atlantic Avenue Buffalo Ave - NW 2,796 2020 0.44 mi2

Havana Ave Campe St - SW 355 2018 0.61 mi3

Philadelphia Ave Atlantic Ave - NE 10,481 2020 0.65 mi4

Philadelphia Avenue Beethoven St - SW 5,198 2020 0.73 mi5

South Philadelphia Avenue W Rene Ave - SW 7,501 2020 0.83 mi6

South Philadelphia Avenue W Rene Ave - NE 7,280 2020 0.86 mi7

Bremen Ave Diester St - SW 1,418 2018 0.86 mi8

Agassiz Street 1st Ter - NW 17,982 2020 0.97 mi9

S Philadelphia Ave Cammelia St - NE 7,175 2020 0.99 mi10




PREPARED BY

Bryant Lafferty

Broker Manager

Market Summary



Atlantic City Market Summary1400 White Horse Pike

Atlantic City is a challenging market for many retailtenants and property owners. The area's casino andtourist-driven economy has yielded below averageemployment gains for most of the past two decades,making it difficult to retain families and working ageresidents. The most recent U.S. census data shows that,since 2010, Atlantic County's population aged 20–64 hasdeclined by 15%, or 25,000 people, nearly twice the U.S.average pace, while the number of residents aged 70 orolder has grown by 8,000, or 30%.

When struggling department store retailers, for example,are looking to consolidate stores, these demographicissues sometimes put their Atlantic City locations nearthe top of the list. The Hamilton Mall in Mays Landingfaced these challenges in 2018, when its Sears closed,and again in 2019, when it lost its JCPenney. There areclear risks that more closing could follow across themarket during 2020–21, as the coronavirus and itseconomic shock have fallen particularly hard on AtlanticCity's economy and on retailers dependent on brick-and-

mortar sales.

CoStar's proprietary location quality score measures theattractiveness of retail locations based on both localspending power (either by residents or tourists) andnearby competition. Far and away the highest rankedlocations in Atlantic County are found at centers such asTangier Outlet, which are close to Atlantic City'sboardwalk along with its range of casinos and hotels andrank in the top 5% of all U.S. retail properties for locationquality score. However, even this area faces challengesin the face of the coronavirus, as casinos have beenlimited to operating at 25% since reopening in July.

Outside of the boardwalk, some of the highest scoringlocations are in the popular beachfront area ofBrigantine, and in Mays Landing near the intersection ofthe Garden State Parkway and the Atlantic CityExpressway. Both of these areas ranks place in the top20th percentile of all U.S. retail locations.

NET ABSORPTION, NET DELIVERIES & VACANCY



Atlantic City Economic Summary1400 White Horse Pike

Atlantic City's economy is facing severe challenges fromthe ongoing coronavirus pandemic. Just prior to theoutbreak, about 30% of Atlantic City's working residentswere employed in the leisure and hospitality sector (morethan three times the U.S. average), the industry that hasbeen hardest hit by prolonged periods of socialdistancing. All nine of the city's Casino Hotels andResorts reopened in July, but state regulations limit theirguest totals to 25% of their fire code capacity, withsmoking, drinking, and food service banned.

Throughout the summer months of 2020, Google searchactivity for the term "Atlantic City" was down about 20%from 2019 levels, and heading into the fall, totalemployment in Atlantic County was down 20% on a year-over-year basis.

Atlantic City's emerging challenges in the face ofcoronavirus issues are only the latest in its ongoingeconomic struggles, and the city posted one of the worstoverall economic performances of any metropolitan areain the Northeast since the Great Recession. From2006–16, total employment declined by a painful 15% (or23,000 jobs). As local governments in nearby states suchas New York and Pennsylvania continue to pass gaming-

friendly legislation, Atlantic City has struggled over thepast 10 years to lure visitors who can now legally gamblecloser to home. In fact, employment in Atlantic County'scasino hotels sector was in long-term decline from 1998through 2016.

The local economy's downward momentum had finallybegun to reverse in 2019 and early 2020. In late 2016,the state of New Jersey took over the city's finances tohelp Atlantic City stave off bankruptcy. Two years later,in mid-2018, New Jersey's legalization of sports bettinghelped local casino hotels to significantly increaseemployment during 2018 for the first time in more than20 years. Stockton University also opened a 1,300-student campus less than 10 blocks south of theTropicana Hotel. However, this long-term momentumshift could be reversing again, as permanent closures ofat least a few of the city's largest casino are possiblegiven the coronavirus' economic shock. The city also hasmore than $400 million in junk-rated municipal bonddebts, which are likely to rise sharply in the monthsahead, and working-age population growth is decliningat a rapid pace as the metro struggles to retainpermanent residents.

Source: Oxford Economics

YEAR OVER YEAR JOB GROWTH



Atlantic City Economic Summary1400 White Horse Pike

DEMOGRAPHIC TRENDS

12 Month ChangeCurrent Level

Metro USMetro USDemographic Category

10 Year Change

Metro US Metro US

5 Year Forecast

Population 330,176,375263,884 0% 0.5% -0.4% 0.6% 0% 0.5%

Households 123,433,53998,020 0% 0.4% -0.2% 0.7% 0% 0.5%

Median Household Income $66,937$70,905 13.5% 5.9% 3.0% 3.0% 0.7% 2.2%

Labor Force 160,828,188134,524 10.8% -2.0% -0.4% 0.4% -1.0% 0.8%

Unemployment 9.0%26.2% 21.0% 5.4% 1.3% 0% - -


POPULATION GROWTH


LABOR FORCE GROWTH INCOME GROWTH




PREPARED BY

Bryant Lafferty

Broker Manager

Peer Properties



Peer Properties Summary1400 White Horse Pike

17 $14.74 - 0%No. Peers NNN Market Rent/SF Availability Rate Vacancy Rate

PEER LOCATIONS




Property Name / Address DistanceYr Blt/Renov Bldg SF Anchor Avail %Spcs

Availability

Vac % NNN Rent Per SFLocation

Score

1 Red Lobster

1991/- 9,307 - 0%4411 Black Horse Pike 0 0% $17 - 20 (Est.)4.9 mi 81

2 Olive Garden

1994/- 9,187 - 0%4403 Black Horse Pike 0 0% $16 - 20 (Est.)4.8 mi 81

3 642 W White Horse Pike-/- 25,000 - 0%0 0% $13 - 16 (Est.)2.6 mi 11

4 111 New York Ave1958/- 10,000 - 0%0 0% $13 - 16 (Est.)1.1 mi 13

5 4236 Black Horse Pike1947/- 24,920 - 0%0 0% $13 - 16 (Est.)5.5 mi 19

6 Atlantic City Expy-/- 16,585 - 0%0 0% $13 - 16 (Est.)5.5 mi 9

7 Dollar General

-/- 9,384 - 0%1314 White Horse Pike 0 0% $13 - 16 (Est.)0.04 mi 15

8 6017 Black Horse Pike-/- 15,000 - 0%0 0% $13 - 15 (Est.)6.0 mi 24

9 289 W White Horse Pike2019/- 9,313 - 0%0 0% $13 - 15 (Est.)4.4 mi 13

10 Rite Aid

1996/- 12,566 - 0%1006 White Horse Pike 0 0% $13 - 15 (Est.)0.31 mi 14

11 Restaurant/ Banquet…

1941/- 15,000 - 0%920 W White Horse Pike 0 0% $13 - 15 (Est.)1.4 mi 31

12 AutoZone

1997/2016 8,425 - 0%100-108 Philadelphia Ave 0 0% $13 - 15 (Est.)0.63 mi 15

1400 White Horse Pike1959/2005 16,754 - 0%0 0% $12 - 15 (Est.)0.00 mi 15

13 Nissan

-/- 17,412 - 0%6021 Black Horse Pike 0 0% $12 - 15 (Est.)6.0 mi 24

14 609 W White Horse Pike1962/- 9,684 - 0%0 0% $12 - 15 (Est.)2.9 mi 12



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Property Name / Address DistanceYr Blt/Renov Bldg SF Anchor Avail %Spcs

Availability

Vac % NNN Rent Per SFLocation

Score

15 4212 Black Horse Pike-/- 13,000 - 0%0 0% $12 - 15 (Est.)5.5 mi 36

16 CVS

2012/- 13,013 - 0%328 E White Horse 0 0% $12 - 14 (Est.)4.1 mi 21

17 1700 Liverpool Ave-/- 9,902 - 0%0 0% $12 - 13 (Est.)2.2 mi 13



http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D8906448%26ProductMode%3DProperty%26external%3D1http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D8906448%26ProductMode%3DProperty%26external%3D1http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D7657659%26ProductMode%3DProperty%26external%3D1http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D7657659%26ProductMode%3DProperty%26external%3D1http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D10997212%26ProductMode%3DProperty%26external%3D1http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D10997212%26ProductMode%3DProperty%26external%3D1

25,000 SF / Vacancy Rate 0%

Owner: -

Rent/SF - $13 - 16 (Est.)

642 W White Horse Pike3

4403 Black Horse Pike9,187 SF / Vacancy Rate 0%

Owner: Namdar Realty Group

Rent/SF - $16 - 20 (Est.)

Olive Garden2


Owner: Namdar Realty Group

Rent/SF - $17 - 20 (Est.)

Red Lobster1


Owner: -

Rent/SF - $13 - 16 (Est.)

Atlantic City Expy6


Owner: Christopher Inc A Nj Corp

Rent/SF - $13 - 16 (Est.)

4236 Black Horse Pike5


Owner: Honey M Delvecchio

Rent/SF - $13 - 16 (Est.)

111 New York Ave4


Owner: Capital Growth Buchalter, Inc

Rent/SF - $13 - 15 (Est.)



Owner: North Plainfield Nissan

Rent/SF - $13 - 15 (Est.)


1314 White Horse Pike9,384 SF / Vacancy Rate 0%

Owner: Dollar General Corporation

Rent/SF - $13 - 16 (Est.)

Dollar General7

Peer Property Photos1400 White Horse Pike



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100-108 Philadelphia Ave8,425 SF / Vacancy Rate 0%

Owner: Agree Realty Corporation

Rent/SF - $13 - 15 (Est.)

AutoZone12

920 W White Horse Pike15,000 SF / Vacancy Rate 0%

Owner: Eke Hutch Llc

Rent/SF - $13 - 15 (Est.)

Restaurant/ Banquet Hall11

1006 White Horse Pike12,566 SF / Vacancy Rate 0%

Owner: Daniel G Kamin Pike Harbor Llc

Rent/SF - $13 - 15 (Est.)

Rite Aid10


Owner: Just4Wheels

Rent/SF - $12 - 15 (Est.)



Owner: 6017 Black Horse Realty Llc

Rent/SF - $12 - 15 (Est.)

Nissan13


Owner: George Hennessy

Rent/SF - $12 - 15 (Est.)

Subject Property



Owner: D.R. Horton, Inc. - New Jersey

Rent/SF - $12 - 13 (Est.)

1700 Liverpool Ave17

328 E White Horse13,013 SF / Vacancy Rate 0%

Owner: Edgewood Properties

Rent/SF - $12 - 14 (Est.)

CVS16


Owner: Manjit B Patel

Rent/SF - $12 - 15 (Est.)


Peer Property Photos1400 White Horse Pike



Page 16

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Peer Property Details1400 White Horse Pike

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $17-20

COMPARISON

Vacancy %: 0% 0%

NNN Asking Rent: $17-20 (Est.) $12-15 (Est.)

Months To Lease: - -

Time On Market: - -

THIS PROPERTY SUBJECT

PROPERTY

Type: Super Regional Mall Tenancy: 1 Tenant

Center: Hamilton Mall Construction: Wood Frame


Year Built/Renov: 1991 Building FAR: 0.20


Docks: None

Parking: 53 free Surface Spaces are available; Ratio of 5.69/1,000 SF

Features: Bus Line, Signage

Frontage: 80' on Black Horse Pike (with 1 curb cut)

Location Score: Excellent Location (81) Below National Avg (15)

Transit Score®: Minimal Transit (0) Minimal Transit (0)

Walk Score®: Car-Dependent (47) Car-Dependent (46)

1 4411 Black Horse Pike - Red LobsterDistance to Subject Property: 4.9 Miles

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $16-20

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Super Regional Mall Tenancy: 1 Tenant

Center: Hamilton Mall Construction: Masonry




Docks: None


Features: Bus Line, Pylon Sign, Signage

Frontage: 101' on Black Horse Pike (with 1 curb cut)

Location Score: Excellent Location (81) Below National Avg (15)



2 4403 Black Horse Pike - Olive GardenDistance to Subject Property: 4.8 Miles



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AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-16

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: - Tenancy: 1 Tenant



Year Built/Renov: - Building FAR: 5.39

Floors: - Total Expenses: -

Docks: -

Parking: -

Features: -

Frontage: -

Location Score: Below National Avg (11) Below National Avg (15)



3 642 W White Horse PikeDistance to Subject Property: 2.6 Miles

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-16

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: - Tenancy: Single

Center: - Construction: Masonry




Docks: 2 ext

Parking: 150 free Surface Spaces are available

Features: Pylon Sign

Frontage: 182' on Arago St




4 111 New York AveDistance to Subject Property: 1.1 Miles





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-16

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Auto Dealership Tenancy: 1 Tenant





Docks: -

Parking: -

Features: -

Frontage: -




5 4236 Black Horse PikeDistance to Subject Property: 5.5 Miles

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-16

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: - Tenancy: 2 Tenants


GLA: 16,585 SF Land Acres: - AC

Year Built/Renov: - Building FAR: -


Docks: -

Parking: -

Features: -

Frontage: -




6 Atlantic City ExpyDistance to Subject Property: 5.5 Miles





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-16

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Freestanding Tenancy: Single





Docks: -

Parking: -

Features: -

Frontage: -




7 1314 White Horse Pike - Dollar GeneralDistance to Subject Property: 0.0 Miles

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY






Docks: -

Parking: 276 Surface Spaces are available

Features: -

Frontage: 132' on Black Horse Pike









AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Department Store Tenancy: 1 Tenant





Docks: -

Parking: -

Features: -

Frontage: -





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Drug Store Tenancy: 1 Tenant





Docks: -

Parking: -

Features: -

Frontage: -



Walk Score®: Somewhat Walkable (66) Car-Dependent (46)

10 1006 White Horse Pike - Rite AidDistance to Subject Property: 0.3 Miles





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Restaurant Tenancy: -





Docks: -

Parking: -

Features: -

Frontage: -




11 920 W White Horse Pike - Restaurant/ Banquet HallDistance to Subject Property: 1.4 Miles

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $13-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Auto Repair Tenancy: 1 Tenant



Year Built/Renov: 1997; Renov 2016 Building FAR: 0.57


Docks: None


Features: Bus Line, Signalized Intersection

Frontage: 97' on Philadelphia Ave, 87' on White Horse Pike



Walk Score®: Somewhat Walkable (68) Car-Dependent (46)

12 100-108 Philadelphia Ave - AutoZoneDistance to Subject Property: 0.6 Miles





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $12-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY






Docks: -

Parking: -

Features: -

Frontage: -




13 6021 Black Horse Pike - NissanDistance to Subject Property: 6.0 Miles

AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $12-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY






Docks: -

Parking: 35 Surface Spaces are available; Ratio of 3.61/1,000 SF

Features: -

Frontage: 710' on w whitehorse









AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $12-15

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Freestanding Tenancy: 1 Tenant





Docks: -


Features: Bus Line, Signage

Frontage: 370' on Black Horse Pike, 242' on Mckee Ave





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $12-14

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: Strip Center Tenancy: 1 Tenant

Center: Nantucket at Galloway Construction: Masonry




Docks: None


Features: Drive Thru, Pylon Sign

Frontage: 89' on White Horse Pike




16 328 E White Horse - CVSDistance to Subject Property: 4.1 Miles





AVAILABILITY

Spaces: 0

Square Feet 0

Range: -

Max Contig: -

% Sublet: -

CoStar Est: $12-13

COMPARISON

Vacancy %: 0% 0%



Time On Market: - -


PROPERTY

Type: - Tenancy: -





Docks: -

Parking: -

Features: -

Frontage: -




17 1700 Liverpool AveDistance to Subject Property: 2.2 Miles



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Peer Property Comparison1400 White Horse Pike

Property Name / Address Star Rating NNN Asking Rent Per SF Vacancy Rate

Red Lobster

4411 Black Horse Pike1 $17 - 20(Est.) 0%

Olive Garden


642 W White Horse Pike3 $13 - 16(Est.) 0%

111 New York Ave4 $13 - 16(Est.) 0%


Atlantic City Expy6 $13 - 16(Est.) 0%

Dollar General

1314 White Horse Pike7 $13 - 16(Est.) 0%



Rite Aid

1006 White Horse Pike10 $13 - 15(Est.) 0%

Restaurant/ Banquet…


AutoZone

100-108 Philadelphia Ave12 $13 - 15(Est.) 0%

1400 White Horse Pike$12 - 15(Est.) 0%

Nissan




CVS

328 E White Horse16 $12 - 14(Est.) 0%

1700 Liverpool Ave

Average

(Arrows indicate trend over last quarter)

17 $12 - 13(Est.) 0%

0%$14.21



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Property Name / Address Star Rating Availability Rate Vacancy Rate

1400 White Horse Pike100% 0%

AutoZone

100-108 Philadelphia Ave12 0% 0%

Rite Aid

1006 White Horse Pike10 0% 0%

111 New York Ave4 0% 0%

Dollar General

1314 White Horse Pike7 0% 0%

1700 Liverpool Ave17 0% 0%

289 W White Horse Pike9 0% 0%

CVS

328 E White Horse16 0% 0%

4212 Black Horse Pike15 0% 0%


Olive Garden


Red Lobster



Nissan






Atlantic City Expy

Average


6 0% 0%

0%6.9%





Property Name / Address Star Rating NNN Asking Rent Per SF Median Months on Market

Red Lobster

4411 Black Horse Pike1 $17 - 20(Est.)

Olive Garden


642 W White Horse Pike3 $13 - 16(Est.)

111 New York Ave4 $13 - 16(Est.)


Atlantic City Expy6 $13 - 16(Est.)

Dollar General

1314 White Horse Pike7 $13 - 16(Est.)



Rite Aid

1006 White Horse Pike10 $13 - 15(Est.)



AutoZone

100-108 Philadelphia Ave12 $13 - 15(Est.)

1400 White Horse Pike$12 - 15(Est.)

Nissan




CVS

328 E White Horse16 $12 - 14(Est.)

1700 Liverpool Ave

Average


17 $12 - 13(Est.)

$14.21





Property Name / Address Star Rating 12 Mo. Leasing Activity in SF 12 Mo. Net Absorption in SF

1400 White Horse Pike0 0

AutoZone

100-108 Philadelphia Ave12 0 0

Rite Aid

1006 White Horse Pike10 0 0

111 New York Ave4 0 0

Dollar General

1314 White Horse Pike7 0 0

1700 Liverpool Ave17 0 0

289 W White Horse Pike9 0 0

CVS

328 E White Horse16 0 0

4212 Black Horse Pike15 0 0


Olive Garden


Red Lobster



Nissan






Atlantic City Expy

Average

6 0 0

00





Property Name / Address Star Rating NNN Asking Rent Per SF Median Household Income (5 mi)

Red Lobster

4411 Black Horse Pike1 $73,878$17-20 (Est.)

Olive Garden


642 W White Horse Pike3 $71,338$13-16 (Est.)

111 New York Ave4 $71,304$13-16 (Est.)


Atlantic City Expy6 $72,559$13-16 (Est.)

Dollar General

1314 White Horse Pike7 $69,988$13-16 (Est.)



Rite Aid

1006 White Horse Pike10 $70,282$13-15 (Est.)



AutoZone

100-108 Philadelphia Ave12 $70,551$13-15 (Est.)

1400 White Horse Pike$69,885$12-15 (Est.)

Nissan




CVS

328 E White Horse16 $67,452$12-14 (Est.)

1700 Liverpool Ave

Average


17 $73,163$12-13 (Est.)

$72,249$14.21




1400 white horse pike...subject property 1400 white horse pike demographics population 1 mile 3...

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