The 65-year-old victim was discovered Sunday morning near a wooded area along the 400 block of Cooper Street in Woodbury.
Authorities said the man was taken to an area hospital with non-life-threatening injuries.
Investigators believe the incident may have been targeted, but have not released further details.
"At this time, specific details regarding the circumstances of the incident are not being released in order to preserve the integrity of the active investigation," police said in a news release.
Anyone with information is asked to contact Detective Corporal Nicholas Cacciola at 856-845-0065 ext. 142.