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3046 Route 38
Mount Laurel, NJ 08054

Walgreens · Retail Property For Sale

Investment Highlights

  • ABSOLUTE NNN LEASE
  • QUALTIY 2005 CONSTRUCTION
  • RENT COMMENCEMENT OCTOBER 2006
  • ZERO LANDLORD OBLIGATIONS
  • FLAT RENT
  • 25 YEAR INITAL TERM WITH (10) 5-YEAR OPTIONS

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
14,256 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
4.98 AC
Zoning
R - Retail
Parking
237 Spaces (14.03 Spaces per 1,000 SF Leased)

About 3046 Route 38 , Mount Laurel, NJ 08054

The Property is located at 3046 Route 38 in Mount Laurel, NJ and approximately 4.5 miles away from Exit 40 along Interstate 295. Walgreens is located immediately adjacent to Prospector’s Steak and Saloon a TD Bank, which are both easily accessible from both sides of the highway. The freestanding Walgreens occupies one of the highly visible parcels along Route 38 and shares a contiguous parking lot with Prospector’s, and shares over 1,245 feet of frontage along Route 38. Route 38 is a major highway for the area and boasts 47,166 vehicles per day. The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 38,388 and 128,137 within a 5-mile. Additionally, within a 3 mile radius of the subject property, there are 15,235 households with an average household income of $101,663. Some of the surrounding retailers in the immediate area include TD Bank, Investors Bank, CVS Pharmacy, McDonald’s, 7-Eleven, Shop Rite, Burger King, Aldi, Planet Fitness, and many more.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-00306-0000-00003
Land Assessment
$1,646,400
Improvements Assessment
$1,909,900
Total Assessment
$3,491,300
  • Listing ID: 13724928

  • Date on Market: 9/7/2018

  • Last Updated:

  • Address: 3046 Route 38, Mount Laurel, NJ 08054

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