36 Hillside Ave
Hillside, NJ 07205
Walgreens · Retail Property For Sale

The subject investment property is situated on Hillside Avenue and Route 22, which boasts average daily traffic counts exceeding 71,063 vehicles respectively. Hillside Avenue intersects with the Garden State Parkway and Interstate-78, which brings an additional 283,128 and 177,927 vehicles into the immediate area on average daily. There are more than 314,742 individuals residing within a three-mile radius of the property and more than 704,137 individuals within a five-mile radius. The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, shopping centers, and universities all within close proximity of this property. Major national tenants include: Lowe’s, Advance Auto Parts, CVS, Office Depot, Shop Rite Supermarket, Applebee’s, Wendy’s, McDonald’s and Dunkin’ Donuts. This Walgreens also benefits from being situated within a five-mile radius of several academic institutions. The most notable are Kean University and Seton Hall University, which have a combined total enrollment exceeding 20,000 students. Saint Barnabas Medical Center, a 583-bed, nationally ranked, general medical, surgical and teaching facility, is located less than ten miles from the subject property. Newark Liberty International Airport (EWR), the 15th busiest airport in the United States serves over 43,000,000 passengers annually and is located less than five miles from this Walgreens. Hillside, a township in Union County, New Jersey, is situated just five miles from Newark, the largest city by population in the U.S. state of New Jersey, and the county seat of Essex County. One of the major air, shipping, and rail hubs, the city has a population of roughly 280,000, making it the nations 67th most populous municipality. New York is the second largest city in the New York metropolitan area, located approximately 8 miles west of the region's historic core, in lower Manhattan. Several leading companies have their headquarters in Newark, including Prudential, Panasonic, Audible.com, and PSEG. The U.S. District Court for the district of New Jersey holds court in the city as well. Local cultural venues in Newark include the New Jersey Performing Arts Center, Newark Symphony Hall, The Prudential Center, The Newark Museum, and the Bears and Eagles Riverfront Stadium. The New Jersey Devils of the NHL play their home games at The Prudential Center, which is also commonly referred to as "The Rock". More than 100,000 people commute to Newark each workday, making it the states largest employment center with many white-collar jobs in insurance, finance, import-export, health-care, and government. The city is also a "college town" with nearly 50,000 students attending the city's universities and medical and law schools.