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Rite Aid 219 Essex St

12,500 SF Retail Building Hackensack, NJ 07601 $11,500,000 ($920/SF)

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Investment Highlights

The property is located in opportunity zone
A NNN single tenant/ Rite Aid / Lease end at end of 2024

Located near by Hackensack University Medical Center
Located at the Hard Corner with Traffic Light!!

Executive Summary

Exceptional investment opportunity in the heart of Hackensack, New Jersey: 219 Essex Street. This property, currently housing a Rite Aid retail store( lease ending at the end of the year 2024), offers a prim location in a bustling area with significant traffic and strategic positioning near Hackensack University Medical Center. situated on a spacious lot of 1.38acres, the property boasts a substantial building sizer of 12,500 sf and features a convenient drive-thru, making it highly accessible to customers. For the investor/developer it will be optimum use for the medical building or residential with approval.

219 Essex St, Hackensack OM

Property Facts Under Contract

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Drug Store

Building Size

12,500 SF

Building Class

Year Built

1999

Price

$11,500,000

Price Per SF

$920

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Land Acres

1.38 AC

Opportunity Zone

Yes

Zoning

N/Av

Parking

75 Spaces (6 Spaces per 1,000 SF Leased)

Frontage

230 FT on Essex St

Retailer
99,999 SF
$9.99
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Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. Their pharmacists are uniquely positioned to engage with customers and improve their health outcomes. Rite Aid Corporation provides an array of whole being health products and services for the entire family through their retail pharmacy locations across the United States.