Walgreens 25 E Broad St
12,558 SF Retail Building Bridgeton, NJ 08302 $5,833,333 ($465/SF) 6% Cap Rate
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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
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 01-00118-0000-00002 | Improvements Assessment | $3,409,300 |
Land Assessment | $90,700 | Total Assessment | $3,436,000 |