loader
Join Free
Views: 224 DOM: 101 Updated: 10.31.24 Posted: 08.06.24 Status: Active

Summary

Price $5,808,000
Built/Renov 2006
Tenant Walgreens
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 08-12-2006
#Units 13,532
Price/SF $391.90
Expiration 08-31-2031
Tenant Type Pharmacy
NOI $363,000
R. Term 6.9
Ownership Fee Simple
Rent/SF $24.49
Increases 0.0%/0/yrs
Pop 5Mi 197,624
Lot/AC 1.87
Options 0/0yrs
AHHI 5Mi $77,002

Lease Highlights

  • Walgreens has 6+ years remaining on the current lease term
  • Options: 75 years, cancellable by Tenant after 25 years and each 5 years thereafter up to 08/31/2081
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the hard-corner intersection of U.S. Route 9 and Lakewood Road, a major north-south corridor with access to a combined daily traffic count of 30,511 vehicles. The property is directly across the street from McDonald's, Wells Fargo Bank, Stop & Shop, and Starbucks. Additionally, it is adjacent to TD Bank and near a Ramada by Wyndham Hotel. The Garden State...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


...

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Lakewood Rd 2018 628 0.17 mi
Lakewood Rd 2018 2,295 0.18 mi
Lakewood Rd 2018 1,190 0.19 mi
Lakewood Road N Maple Ave 2018 18,311 0.19 mi
Lakewood Rd 2018 2,742 0.20 mi
Lakewood Rd 2018 2,849 0.20 mi
Lakewood Rd 2018 1,176 0.21 mi
Lakewood Rd River Ave 2003 26,170 0.23 mi
Locust St State Rte70 2003 4,830 0.27 mi
John Davidson Rockefeller Memorial Highway Massachusetts Ave 2018 24,086 0.28 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity