180 Bridgeton Pike - Drug Store FOR SALE


Mantua, NJ 08051
$4,980,645 USD
646-841-0627
180 Bridgeton Pike, Mantua, NJ for Sale
$4,980,645 USD
Drug Store - FOR SALE
1/6
null | 7.75% Cap Rate

180 Bridgeton Pike
Mantua, NJ 08051


HIGHLIGHTS

  • Absolute NNN Lease - No Landlord Responsibilities
  • Top 20% Visits Nationwide
  • Corporate Guarantee
  • Long-Term Lease
  • 20-Year+ Operating History
  • Highly Affluent Premier Market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,980,645 USD

PRICE/SF

$344 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

-

APN/PARCEL ID

10-00084-0000-00006-01

ASK ABOUT THIS PROPERTY

Jason MaierNorthmarqMore Info
646-841-0627

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Jason MaierNorthmarqMore Info
646-841-0627

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.