2546 Hooper Ave Brick Township, NJ 08723

This exceptional investment opportunity presents a 14,550-square-foot Walgreens pharmacy located at 2546 Hooper Ave, Brick Township, NJ 08723. The property sits on a 2.8-acre lot and benefits from a prominent location at a signalized intersection with over 39,600 vehicles per day. The absolute NNN lease with Walgreens, one of the nation's largest drugstore chains, boasts a remaining term of 10.4 years, expiring March 31, 2035, and commenced March 1, 2006. The property features a drive-thru and enjoys 100% occupancy, generating a strong net operating income (NOI) of $417,719, representing a 7.25% cap rate and a price per square foot of $395.88. The asking price is $5,760,000. This strategically positioned property thrives in a high-income area, with over 188,000 residents and an average household income exceeding $129,000 within a five-mile radius. Nearby retailers include McDonald's, Taco Bell, KFC, 7-Eleven, CVS, ShopRite, ALDI, Best Buy, AutoZone, Marshalls, Kohl's, and Harbor Freight Tools. The property's strong performance, long-term lease, and prime location make it an attractive investment opportunity. The Ocean County location, specifically within the upscale waterfront communities of Shore Acres and Baywood, further enhances its desirability. This is a single-tenant, absolute NNN lease, offering investors minimal landlord responsibilities and the security of a corporate guarantee from Walgreens. The property's APN is 07 00548-02-00026.