2546 Hooper Ave - Drug Store FOR SALE


Brick, NJ 08723
$5,760,000 USD
949-724-5552
2546 Hooper Ave, Brick, NJ for Sale
$5,760,000 USD
Drug Store - FOR SALE
1/6
null | 7.25% Cap Rate

2546 Hooper Ave
Brick, NJ 08723


HIGHLIGHTS

  • Strong Performing Store & Historical Sales – Call for Details
  • New 10.5 Year Extended Lease Term Remaining
  • Upscale Trade Area - Jersey Shore - Waterfront Communities of Shore Acres and Baywood
  • Single Tenant Absolute NNN Walgreens – Corporate Guarantee
  • One of the Largest Drugstore Chains in the United States - Over 9,000 Stores in All 50 States, Washington D.C., Puerto Rico & U.S Virgin Islands
  • Absolute Net Lease - Zero Landlord Responsibilities

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant absolute NNN leased Walgreens Pharmacy in Brick Township, NJ. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. Walgreens just extended their lease for a new 10.5 year lease term. The store is high performing with strong store sales history. Contact broker for store sales history. The property is located in an upscale dense trade area in Southern New Jersey serving some of the nicest high end waterfront communities in Brick Township including Shore Acres and Baywood. Average Household Income is over $129,000 within a five mile radius that includes over 188,000 people. The 14,550 SF standalone building with drive-thru on a large 2.8-acre parcel is strategically positioned on the hard corner signalized intersection of Drum Point Road and Hooper Avenue which have a combined traffic count exceeding 39,600 VPD and prospers from excellent visibility and access. Nearby retailers include McDonald’s, Taco Bell, KFC, 7-Eleven, CVS Pharmacy, ShopRite, ALDI, Best Buy, AutoZone, Marshalls, Kohl’s and Harbor Freight Tools.

FOR SALE DETAILS

PRICE

$5,760,000 USD

PRICE/SF

$396 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

R15

APN/PARCEL ID

07-00548-02-00026

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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