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2982 Rt 516
Old Bridge, NJ 08857

CVS Pharmacy · Retail Property For Sale

Investment Highlights

  • CVS and Columbia Bank Anchors – CVS Rated BBB S&P, Investment Grade Credit
  • Triple Lane Drive-Thru for Columbia Bank, Single Drive-Thru for CVS
  • Located on County Rd 516 – Over 13,800 Vehicles Pass This Location Daily – .2 Miles to US-9
  • Property Sits Directly in Front of the Glenwood Apartments – Over 1,100 Garden Style Units

Executive Summary

100% Occupied +/- 15,494 SF Strip Center in Old Bridge, Middlesex County, New Jersey

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,494 SF
Building Class
C
Year Built
2010
Price
£5,728,078
Price Per SF
£370
Net Initial Yield
6.43%
NOI
£368,315
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Lot Size
2.86 AC
Zoning
CC

PROPERTY TAXES

Parcel Number 15-09000-0000-00016-13 Improvements Assessment £1,224,565
Land Assessment £320,268 Total Assessment £1,544,833

PROPERTY TAXES

Parcel Number
15-09000-0000-00016-13
Land Assessment
£320,268
Improvements Assessment
£1,224,565
Total Assessment
£1,544,833
 

  • Listing ID: 34148852

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 2982 Rt 516, Old Bridge, NJ 08857

The Retail Property at 2982 Rt 516, Old Bridge, NJ 08857 is currently available for sale. Contact Marcus & Millichap for more information.

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