For Sale
$4,980,645

180 Bridgeton PikeMantua Township, NJ 08051

High-return Walgreens NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens located at 180 Bridgeton Pike in Mantua Township, NJ 08051. The 14,490 square foot building, constructed in 2004, sits on a highly visible, signalized corner with over 20,000 vehicles passing daily. The property boasts a strong 7.75% cap rate and a substantial NOI of $386,000, secured by a corporate guarantee from Walgreens Boots Alliance (NASDAQ: WBA). The absolute NNN lease, commencing November 1, 2005, and expiring November 1, 2030, offers a remaining term of approximately 5.9 years. This location consistently ranks within the top 20% of all Walgreens nationwide in terms of customer visits. The surrounding area features a population exceeding 47,000 within a 3-mile radius, with an average household income surpassing $130,000. This presents a low-maintenance, passive investment opportunity with significant upside potential in a prime, high-traffic location. The property is a one-story building with a 100% occupancy rate since its opening. The asking price is $4,980,645, translating to a price per square foot of $343.73. Multiple lease options are available.

Highlights

  • Absolute NNN lease with no landlord responsibilities.
  • Walgreens location in top 20% nationally for customer visits.
  • Corporate guarantee from Walgreens Boots Alliance.
  • Long-term lease with approximately 5.9 years remaining.
  • 20+ year operating history.
  • High-affluent market with strong demographics; over 47,000 residents within a 3-mile radius and average household income exceeding $130,000.

Property Details for 180 Bridgeton Pike

Property type
Retail properties, Retail space
Square Feet
14,490 SF
Year Built
2004
Buildings
1
Stories
1

Location Insight

City
Mantua Township
County
Gloucester
State
New Jersey
Latitude
39.792458808455
Longitude
-75.173866107105
180 Bridgeton Pike, Mantua Township, New Jersey

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180 Bridgeton Pike
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