Skyline Development USA Sells Chick-fil-A Restaurant In Blackwood, NJ For $3.725M

A newly built Chick-fil-A restaurant has been sold for $3,725,000, located at 400 Premium Outlets Drive in Blackwood, NJ. The restaurant encompasses 5,180 square feet, translating to a price per square foot of $719. Situated near major roadways such as Route 42 and the Atlantic City Expressway, it is also adjacent to Gloucester Premium Outlets.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,725,000
• Square Footage: 5,180
• Address: 400 Premium Outlets Drive
• Market: Blackwood, NJ
• Price Per Square Foot: $719
• Seller: Skyline Development USA
• Broker Representatives: Michael Shover, Matthew Gorman, Thomas Finnegan, Robert Thompson & Nick Holtz - CBRE

The transaction involved a private investor acquiring the property under a 20-year corporate ground lease arrangement. The restaurant opened in April, reflecting a strategic investment opportunity in the area.