2601 Highway 516 | Old Bridge, NJ 08857
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- LoopNet Team
2601 Highway 516
Old Bridge, NJ 08857
Walgreens · Retail Property For Sale
Investment Highlights
- Absolute NNN lease, zero LL responsibilities
- Relocation (2016), from in-line to pad location in order to build drive-through
- High barrier to entry market with respect to zoning and entitlements
- Long term operating history, 15 years of term remaining on 20-year renewal
- Excellent access, location, and visibility on major retail corridor at a signalized interchange
- Densely populated part of the country with above average income and population demographics
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.03
Lot Size
10.40 AC
Zoning
CC
Parking
30 Spaces (2.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 15-15502-0000-00003-12 | Improvements Assessment | $1,755,800 |
| Land Assessment | $1,744,200 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
15-15502-0000-00003-12
Land Assessment
$1,744,200
Improvements Assessment
$1,755,800
Total Assessment
$3,500,000
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