November 21, 2022 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of DXL in Deptford, New Jersey. Horvath & Tremblay exclusively represented the buyer to complete this transaction at a sale price of $2,300,000.
DXL is located at 1730 Clements Bridge Road in Deptford, New Jersey. The Property consists of an 11,900 square foot single tenant building on a 1.1-acre parcel with the desirable BC2 (Business Center 2) Zoning. DXL has been at this location since 2013 and recently exercised their first 5-year renewal option, demonstrating their commitment to the site and the market. DXL has 6+ years remaining on their triple net lease with two (2), 5-year renewal options. The Property features attractive rent increases at the start of each renewal option. The Property is situated along Clements Bridge Road in an outstanding commercial trade area. The Property is positioned across the street from the Deptford Mall, and is surrounded by national retailers (Target, Walmart Supercenter, Sam’s Club, BJ’s, Lowe’s) and restaurants (Chili’s, Longhorn Steakhouse, Chick-fil-A, Panera, McDonald’s, Wendy’s and Taco Bell), driving traffic to the immediate area. Additionally, the Property is seconds from the NJ Turnpike and NJ Routes 55 and 42.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.