Hamilton Power Center

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Hamilton Power Center

4403 E Black Horse Pike Mays Landing NJ Atlantic County

Description:

LONG TERM, INTERNET RESISTANT LEASES

  • The shopping center provides a buyer group with relative tenant stability as the lease expirations range from 2026 to 2029. Planet Fitness, Get Air, and DaVita Dialysis are all internet resistant uses.
  • Weighted average lease term – 5.32 years.

VALUE-ADD OPPORTUNITY

  • 12,000 SF (11% of the total GLA) is available for lease allowing the next ownership group to eventually increase the NOI of the property.

PAD OF MALL LOCATION

  • Subject property is a pad to the Hamilton Mall (428,996 SF) and is surrounded by national retailers including Walmart, Target, Hobby Lobby, Macy’s, H&M, Kohl’s, Burlington, BJ’s, ULTA, Dick’s, etc.

ATLANTIC CITY SUBURB

  • This location is just over 10 miles from Atlantic City, one of the most popular tourist destinations in the United States with over 9 casino resorts and 20,000 hotel rooms.

Lot Size: 10.41 AC

Gross Leasable Area: 107,183 SF

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 5,815 21,149 46,100
Avg. HH Income: $79,689 $85,721 $89,181

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.