627 Cross Keys Road, Sicklerville, NJ
SICKLERVILLE, NJ—A two-tenant pad site featuring Buffalo Wild Wings and AtlantiCare Urgent Care sold for $5 million to a Livingston, NJ-based private investor who was not identified.
Mark Krantz, associate, and Derrick Dougherty, first vice president investments in Marcus & Millichap's Philadelphia office, had the exclusive listing to market the property on behalf of the seller, GVR Realty, based in Piscataway, NJ. Krantz and Dougherty also secured and represented the buyer.
“The site is well located as an outparcel to a 200,000-square-foot lifestyle center with tenants that have strong roots in the submarket,” Krantz says. “In today's retail environment pad sites continue to experience a strong investor demand because of their location, access, visibility, and customer base.”
Located at 627 Cross Keys Road, Sicklerville, NJ, the site is anchored by Buffalo Wild Wings, a national chain, and co-anchored by AtlantiCare. The urgent care recently renewed for another five years, showing commitment to the site.
The building benefits from its established location in the Gloucester Township submarket, only 15 miles from Philadelphia and 45 miles from Atlantic City. The property is strategically located at a signalized intersection along Cross Keys Road, a primary retail corridor which averages more than 44,000 vehicles per day.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
