Walgreens 25 E Broad St

12,558 SF Retail Building Bridgeton, NJ 08302 $5,833,333 ($465/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • Walgreens Absolute Net
  • Double Drive-Thru Location
  • Prime location with high visibility

EXECUTIVE SUMMARY

This prime property, located in Bridgeton, New Jersey, boasts a long-term lease with Walgreens, offering 9+ years remaining with 10(5) year options. Situated in a highly visible location, it features a double drive-thru setup for added convenience. This is an excellent investment opportunity. The seller is motivated and open to considering all offers.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,558 SF
Building Class
C
Year Built
1976
Price
$5,833,333
Price Per SF
$465
Cap Rate
6%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.28
Lot Size
1.03 AC
Opportunity Zone
Yes
Parking
75 Spaces (9.53 Spaces per 1,000 SF Leased)
Frontage
199 FT on E Broad St

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Drive Thru
Walk Score®
Very Walkable (75)

NEARBY MAJOR RETAILERS

TD Bank
Rent-A-Center
Oceanfirst Bank
Foodtown
Order Express, Inc.

PROPERTY TAXES

  • Listing ID: 30425457

  • Date on Market: 12/22/2023

  • Last Updated:

  • Address: 25 E Broad St, Bridgeton, NJ 08302