500 Route 530

Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 500 Route 530, a 14,490 SF single-tenant building located in Whiting, NJ. The property was built to suit and is occupied by Walgreens, who has operated at this location since 2014.
The absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord. Walgreens has a total NOI of $521,697, which is guaranteed by Walgreens Corporate through the remaining 9+ years of firm lease term.
Walgreens Boots Alliance (NASDAQ: WBA) is one of the world's leading health and well-being enterprises led by their pharmacy business. Walgreens and Alliance Boots merged in December of 2014, bringing together two of the leading brands and geographic footprints to provide health care services, pharmaceutical wholesaling and community pharmacy care to customers around the world. The company employs over 315,000 people and operates in more than 25 countries, making it the largest retail pharmacy, health and daily living retailer in the USA and Europe. In 2022, the Retail Pharmacy USA segment of Walgreens Boots Alliance reported 2022 Fiscal sales of $134 Billion.
Absolute NNN Lease - No Landlord Responsibilities
This lease features zero landlord responsibilities, creating a passive armchair investment for a cash flow-driven investor. NNN leases are especially attractive for those seeking management-free investment opportunities.