The Kislak Company, Inc. announced the sale of Mount Holly Marketplace, a prominent retail strip center located in the heart of Burlington County, for $2.8 million.
The 9,730-square-foot property, situated at 305 Rancocas Road, was marketed exclusively by Kislak. Managing Director Matt Weilheimer handled the assignment on behalf of the seller. While the specific identities of the buyer and seller were not disclosed, the transaction highlights the continued high demand for well-positioned, income-producing retail assets in the South Jersey market.
The marketplace was 100% occupied at the time of the sale by four triple-net tenants. The property is anchored by a high-performing Dunkin’, which served as a primary driver for investor interest.
“The competition to purchase the Mount Holly Marketplace was intense,” Weilheimer said. “It was a highly sought-after retail property, with offers at or around a 6% cap rate.”
Built in 2012 on a 2.87-acre lot, the center benefits from a premier location at the signalized intersection of Rancocas Road and the Mount Holly Avenue Bypass. The corridor sees substantial daily volume, with average traffic counts exceeding 32,080 vehicles.
As the county seat of Burlington County, Mount Holly serves as a central administrative and judicial hub, located just 19 miles east of Philadelphia. The property’s mix of long-term stability and regional connectivity made it an ideal target for investment.
Weilheimer, who joined Kislak in 1996, is a perennial leader in the firm’s sales force, specializing in apartment buildings, REO assets, and investment properties across the tri-state area. A two-time Producer of the Year, Weilheimer’s expertise continues to drive high-profile transactions in the New Jersey commercial real estate sector.
