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Walgreens - Absolute NNN Lease 2546 Hooper Ave

14,550 SF Retail Building Brick, NJ 08723 £4,506,912 (£310/SF) 7.25% Net Initial Yield

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Investment Highlights

Strong Performing Store & Historical Sales – Call for Details
Upscale Trade Area - Jersey Shore - Waterfront Communities of Shore Acres and Baywood
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

New 10.5 Year Extended Lease Term Remaining
Single Tenant Absolute NNN Walgreens – Corporate Guarantee
Absolute Net Lease - Zero Landlord Responsibilities

Executive Summary

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.