April 8, 2025 – Robert DiFranco and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of the DXL in Deptford, New Jersey. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,200,000.
DXL is located at 1730 Clements Bridge Road in Deptford, New Jersey. The free-standing single tenant DXL is improved by an 11,900 square foot building on a 1.11-acre parcel of land. DXL recently exercised their first renewal option and has 4+ years remaining on their double net lease. The lease calls for attractive increases at the start of each renewal option. DXL is extremely well located adjacent to the signalized intersection of Almonesson Road and Clements Bridge Road, two of the region’s primary retail corridors. The Property enjoys outstanding visibility, frontage and access and is across the street from the Deptford Mall. The Property is part of a dominant trade area that is home to countless national retailers and restaurants, large shopping centers, the Deptford Mall, and Nemours Children’s Health Center, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools, multiple nationally branded hotel/motels, and is surrounded by densely populated residential neighborhoods providing a built-in customer base. The Property is also convenient to the area’s major state roads and highways. Deptford is a suburb of Philadelphia and is located 10 miles southeast of the city.
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.