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CONFIDENTIAL OFFERING
Red Hawk Realty LLCCommercial Real Estate Services
Bruce CarnegieBroker
Tel: 732.220.1700 • Fax: 732.418.9115 Cell: 609.217.9582 • [email protected]
41 Bayard Street, Suite 201 • New Brunswick, New Jersey 08901
PROPERTY SUMMARY
The listed properties are located within one of the most significant redevelopment projects in Burlington County. The Willingboro Town Center has become the hub of education, employ-ment, shopping, professional office, and residence, in Willingboro Township. The Willingboro Town Center includes, the ACME grocery store, Willingboro Public Library, Strayer University, Rowan College at Burlington County, Benjamin Banneker Charter School, Dollar Tree, Will-ingboro Square, Merck Pharmaceutical, and many other stores and businesses. This exciting redevelopment has energized the entire market area. The Willingboro Town Center services the densely populated municipalities of Willingboro, Burlington Township, Edgewater Park, Burl-ington City, Beverly, Delran, Delanco, and Florence trade area population of over 130,000.
The properties represent an excellent investment opportunity, with a rent roll that consists of stabilized long term tenants. The existing leases all have been extended, and represent the type of continuity desired by long term investors.
DEMOGRAPHICS
3 miles
Population: 193, 142 Average HH Income: $80, 028 Number of Employees 87, 529 Total Businesses 7,072
IDENTIFICATION OF THE PROPERTY
Location: Route 130 & Levitt Parkway Willingboro Township Burlington County New Jersey
Legal Identification: Block 3 Lots 4.09 & 4.10
Ownership: Renewal Willingboro, LLC
Zoning: Town Center Option
Land Area: Approximately 4.7 Acres
Building Sizes: School Building (21, 200 square feet +,-) Retail Building (14, 786 square feet +,-)
RENEW AL WILLINGBORO LLC
2017 RENT ROLL
Monthly Rent Annual Rent Location Sq. Foot as of 1/2017 as of 1/2017
College Bldg.
1 15,899 $ 26,065 $ 312,781 2 4,691 $ 8,871 $ 106,452
Retail Bldg.
A-1 1,475 $ 2,500 $ 30,000 A-2 1,593 $ 2,694 $ 32,327
B 1,435 $ $ C&D 2,914 $ 4,845 $ 58,134 E&F 2,561 $ 5,015 $ 60,183 G&H 4,808 $ 8,887 $ 106,647
35,376 $ 706,524
Tenant Name
Strayer University Benjamin Banneker Charter School
Dry Cleaners lmani Real Estate Vacant Olympia Sports Beauty Connection Allied Dental
Total College and Retail Building
All rents are modified Gross. Tenants pay all utilites.
Information contained herein has been obtained from the Owner of the Property, or from sources deemed reliable.
We have no reason to doubt its accuracy, but make no warranty or representation.
All information is submitted subject to errors, ommissions, changes, withdrawal without notice and any special listing conditions
of the Owner.
Rent PSF as of 1/2017
19.67 22.69
20.34 20.29
19.95 23.50 22.18
RENEWAL WILLINGBORO LLC2017 RENT ROLL
RENEW AL WILLINGBORO LLC 2017 PROJECTED NOi
INCOME:
Rental Income
Reimbursements-Strayer
Willingboro Township Reimbursements
EXPENSES:
(2016 Actual)
Common Area Electric & Gas
Repairs, Mantenance, & Trash
Insurance
Professional Fees
Water & Sewer
Legal
Telephone
Landscaping & Snow Removal
Management Fee (3%)
Admin & Misc.
Pilot Program & Special Assessment*
Total Expenses:
Net Operating Income:
*2017 Pilot Tax Program
*2017 Special Assessment (reduces each year)
$ $ $
$
$ $ $ $ $ $ $ $ $ $ $
$
$
$ $ $
706,524
145,374
20,103
872,001
6,711
44,695
33,912
645
7,435
1,799
1,457
42,692
21,600
2,949
134,123
298,018
573,983
95,872
38,251
134,123
Information contained herein has been obtained from the Owner of the Property, or from sources deemed reliable.
We have no reason to doubt its accuracy, but make no warranty or representation.
All information is submitted subject to errors, ommissions, changes, withdrawal without notice and any special listing conditions
of the Owner.
RENEWAL WILLINGBORO LLC2017 NOI