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Starbucks & AT&T – Deptford, NJ

Starbucks & AT&T – Deptford, NJ

1213-15 Hurffville Rd, Deptford, NJ 08096

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PROPERTY DETAILS

Price

$5,456,962

Cap Rate

6.35%

NOI

$346,500

Property Overview

Equity Retail Brokers is pleased to present for sale two freestanding retail properties leased to Starbucks and AT&T. These properties provide a solid investment opportunity with both tenants being investment-grade (S&P ratings of BBB+ for Starbucks and BBB for AT&T). Each lease has over four years remaining, plus four additional five-year extension options.

Located in Deptford NJ – just 14 miles from Center City Philadelphia – this property benefits from excellent visibility, easy street access, and ample parking. The site is conveniently positioned adjacent to the southbound on-ramp of Route 42 Freeway and sits on Hurffville Road, which sees over 27,000 vehicles per day. Surrounded by a strong mixture of national retailers, this location combines high traffic, convenience, and long-term stability for a compelling investment opportunity.

Property Highlights

  • Investment Grade Tenants: Backed by solid S&P credit ratings of BBB+ for Starbucks and BBB for AT&T, this offering provides investors with the confidence of strong corporate guarantees, ensuring a reliable and secure investment opportunity.
  • Ideal Starbucks Location: Placer.ai ranks this Starbucks location in the 91st percentile nationwide in customer visits (over 443,000 annually).
  • Strategic Location: Located in close proximity to:
    • The southbound on-ramp of the Route 42 Freeway, New Jersey Turnpike, and State Route 55.
    • Nearby Shopping Centers: The Deptford Mall (6.6 million visits in past 12 months), the Deptford Landing (5.7 million), The Court at Deptford (2.6 million), The Plaza At Deptford (1.6 million)
    • Nearby Tenants: Target, Raising Cane’s, Best Buy, Sam’s Club, Chick-fil-A, among many others.

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