180 Bridgeton PikeMantua Township, NJ 08051

Property Details for 180 Bridgeton Pike

Year built

1900

Construction

CONCRETE BLOCKS

Lot size

2.19 AC

Property type

Commercial real estate

APN

10 00084-0000-00006- 01

APU

100008400000000601

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $28,591,108

  Hospitality

  $26,189,302

  Educational

  $21,789,192

  Medical

  $22,538,556

  Retail

  $33,894,296

Location Insight

City

Mantua

County

Gloucester

State

New Jersey

Latitude

39.7928

Longitude

-75.1743

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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