www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
22283134
22283135

421 Ryders Ln, East Brunswick, NJ 08816

BP
GA 349355
CBRE - Atlanta
TC
GA 374849
CBRE Atlanta
DG
CT RES.0785228
CBRE - Stamford
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Stamford
$5,314,961
487 days on market
Updated 13 days ago

Walgreens: East Brunswick, NJ

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,350
Cap Rate 6.35%
NOI $337,500
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/30/2039
Remaining Term 12.9
Rent Bumps Yes
Lease Options Twelve 5-Year Options
Year Built 1996
Acreage 4.760
Parking Spaces 68 spaces
Parking per 1,000 SqFt 5.09
Investment Type Net Lease
Lease Commencement 05/21/2024
Ground Lease No

Retail | 6.35% CAP | 13,350 SqFt

Marketing description

The CBRE Net Lease Property Group is pleased to offer for sale the 13,350-square-foot Walgreens situated on 4.76 acres in East Brunswick, NJ — part of the Newark-Union, NJ-PA MSA (MSA Population: 2.1M+). The site is subject to a ±12.9-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.

Investment highlights

NNN LEASE WITH RENEWAL OPTIONS: The site is subject to a ±12.9-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.

EXCELLENT ACCESS & VISIBILITY: Located approximately 4 miles southeast of New Brunswick, NJ, Walgreens is positioned with excellent access and visibility at the hard-cornered, signalized intersection of Ryders Lane (11,757 VPD) and Milltown Road (11,767 VPD). The site is directly adjacent to Vinnie’s Pizza & Subs and is directly across Ryders Lane from Wawa.

RETAIL & COMMERCIAL CORRIDOR: In total, there are 6.6 MSF of retail, 2.8 MSF of office, 12.3 MSF of industrial and 4,095 multi-family units within a 3-mile radius of the site. Major retailers in the surrounding area include The Home Depot, Target, Cold Stone Creamery, Applebee’s Grill & Bar, TD Bank, Urban Air Trampoline Park and Blinds To Go, to name a few.

NEWARK-UNION, NJ-PA MSA: The Newark-Union, NJ-PA Metropolitan Statistical Area is a metropolitan area located in the northeastern United States, spanning across the states of New Jersey and Pennsylvania. With a population of approximately 2.1 million people, it is a significant urban center in the region. The MSA is anchored by Newark, New Jersey, the state’s largest city, and includes the surrounding counties of Essex, Union, and parts of Morris and Passaic counties in New Jersey, as well as Philadelphia County in Pennsylvania. The area is a major hub for industry, education, and healthcare, with a diverse economy and a rich cultural heritage.

Listing Contacts

BP
GA 349355
CBRE - Atlanta
TC
GA 374849
CBRE Atlanta
DG
CT RES.0785228
CBRE - Stamford
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Stamford

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$337,500.00
$28,125.00/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

Map

Zoning

Intelligence Badge
OP-1 CommercialOfficeOffice Professional
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 13 uses
View all 13 uses
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591