Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 180 Bridgeton Pike, a 14,490 SF single-tenant building located in Mantua, NJ. The property was built to suit and is occupied by Walgreens, who has operated at this location since 2004. This location ranks within the top 20% of visits of all Walgreens nationwide (data according to Placer.AI) and is located on a hard signalized corner with premium visibility to the over 20,000 VPD that pass on Bridgeton Pike. Mantua, NJ is located just outside of Philadelphia, and boasts a highly affluent area with strong demographics. Within 3 miles of the subject property, there is a population of over 47,000 with an average house hold income of over $130,000. The absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord. Walgreens has a total NOI of $386,000, which is guaranteed by Walgreens Corporate through the remaining 6 years of firm lease term.
Walgreens Boots Alliance (NASDAQ: WBA) is one of the world's leading health and wellbeing enterprises, led by their pharmacy business. Walgreens and Alliance Boots merged in December of 2014, bringing together two of the leading brands and geographic footprints to provide health care services, pharmaceutical wholesaling and community pharmacy care to customers around the world. The company employs over 330,000 people and operates in more than 25 countries, making it the largest retail pharmacy, health and daily living retailer in the USA and Europe. In 2022, the retail pharmacy USA segment of Walgreens Boots Alliance reported 2023 Fiscal sales of $139 Billion.