Walgreens

1096 Nj 33, Hamilton Township, NJ

$13,566,000

Price

5.27%

Cap Rate

$714,999

NOI

Overview
Cap Rate
5.27%
NOI
$714,999
Building Size
24,490 sqft
Lot Area
3.085 acres
Occupancy
100%
Description

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Trenton is the capital city of the U.S. state of New Jersey and the county seat of Mercer County. It briefly served as the capital of the United States in 1784. The city's metropolitan area, consisting of Mercer County, is grouped with the New York Combined Statistical Area by the United States Census Bureau, but it directly borders the Philadelphia metropolitan area and was from 1990 until 2000 part of the Philadelphia Combined Statistical Area. As of the 2010 United States Census, Trenton had a population of 84,913, making it the state's 10th-largest municipality in 2010 and 2020, after having been the state's ninth-largest municipality in 2000. The population declined by 490 (-0.6%) from the 85,403 counted in the 2000 Census, which had in turn declined by 3,272 (-3.7%) from the 88,675 counted in the 1990 Census. The Census Bureau's Population Estimates Program calculated that the city's population was 83,203 in 2019, ranking the city the 413th-most-populous in the country.

Trenton dates back at least to June 3, 1719, when mention was made of a constable being appointed for Trenton while the area was still part of Hunterdon County. Boundaries were recorded for Trenton Township as of March 2, 1720. A courthouse and jail were constructed in Trenton around 1720, and the Freeholders of Hunterdon County met annually in Trenton.

Trenton received its first Postmaster in 1764. On November 25, 1790, the Trenton became New Jersey's capital, and by November 13, 1792, the City of Trenton was formed within Trenton Township. Trenton Township was incorporated as one of New Jersey's initial group of 104 townships by an act of the New Jersey Legislature on February 21, 1798. On February 22, 1834, portions of Trenton Township were taken to form Ewing Township. The remaining portion of Trenton Township was absorbed by the City of Trenton on April 10, 1837. A series of annexations took place over a 50-year period, with the city absorbing South Trenton borough (April 14, 1851), portions of Nottingham Township (April 14, 1856), both the Borough of Chambersburg Township and Millham Township (both on March 30, 1888), as well as Wilbur Borough (February 28, 1898). Portions of Ewing Township and Hamilton Township were annexed to Trenton on March 23, 1900.

Highlights
  • Absolute NNN Leases W/ Zero Landlord Responsibilities | Two Buildings on one Parcel
  • Walgreens Corporate Guarantee (S&P BBB) Investment Credit Tenancy
  • Rare Walgreens Lease With Increases in Rent During the Option Periods
  • Strong Performing Walgreens | Extended Hours - Midnight Location
  • Strategically Located Hospital Location Walgreens | Subject Property is One Mile North of Robert Wood Johnson University Hospital Which has 965 Beds
  • Hard Corner - Signalized Intersection | Traffic Counts Boast in Excess of 29,000 Vehicles Per Day
  • Population Within a 5 Mile Radius is in Excess of 180,000 People
  • Surrounded by National Retailers Such as: Hamilton Marketplace Regional Shopping Center ( 970,000 SQF Retail Property), CVS, Wendy's, ShopRite, Texas Road House, Aldi, Panera Bread, Petco, Dollar Tree, AutoZone, Wawa, Dunkin' & Many More.

Location
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