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Walgreens - Mantua, NJ | Absolute NNN | FOR SALE

$5,514,286

180 North Bridgeton Pike, Mantua, NJ 08501

Active
Last Updated: 05/17/2024

7

Cap Rate

386,000

NOI

Details:
Cap Rate:    7%
NOI:    $386,000
Building Size:    14,490 sqft
Lot Area:    2.21 acres
Lease Type:    Absolute Net
Price Per Sqft:    $381
Year Built:    2004
Highlights:
  • ABSOLUTE NNN – This lease offers zero landlord responsibilities and is ideal for an investor looking for a passive investment.
  • LONG TERM OPERATING HISTORY – Walgreens has operated at this location since 2004 and has 6 years of base term remaining and ten, 5-year options.
  • EXCELLENT VISIBILITY – The property is located on the hard signalized corner of Bridgeton Pike (17,352 VPD) & Berkley Rd (7,773 VPD).
  • PHILADELPHIA MSA – The Philadelphia MSA is the 7th largest metro area in the country and home to over 6.24 million people. This location is in Mantua Township, just 15 miles southeast of Philadelphia in Gloucester County.
  • HIGHLY AFFLUENT AREA – The average household income within the surrounding 3 miles is over $118,409 and has a population of over 47,185
  • STRONG SALES REPORTING – Contact Agent for Further Information
Description:

Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services. To best meet the needs of customers and patients, Walgreens offers a true omnichannel experience, with platforms bringing together physical and digital, supported by the latest technology to deliver high-quality products and services in local communities nationwide.

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery