Walgreens | 45 Mi NW of NYC | Affluent Demos
Retail | 9.50% CAP | 14,677 SqFt
Marketing description
We are pleased to market for sale the Walgreens property located at 1131 US Highway 46, Ledgewood, NJ 07852 ("The Property"). Walgreens has been operating at the site for 18 years and has over 7 years of firm term remaining before the 10 (5-year) option periods. Walgreens operates under a absolute triple net lease, which provides for no landlord obligations whatsoever.
The Property enjoys a strategic position 40 miles from downtown Manhattan within a high-income suburban trade area. Within a 3-mile radius, average household incomes exceed $133,000, and the median household income is $125,000, which is about 25% higher than the New Jersey state average.
With many residents in the Ledgewood community commuting into NYC for work/leisure, the Property is situated at the crossroads of US-46 and NJ-10 with close proximity to the Christopher Columbus Highway interchange (I-80), providing access to NYC with over 114,000 vehicles per day.
Located down the street from The Shops At Ledgewood Commons, the Property has more than 2 million square feet of retail space within 1 mile, anchored by Walmart, Home Depot, Petco, Burlington, and Kohl's. Additionally, located less than 4 miles from the property, Saint Clare’s Dover Hospital General is a 24/7 trauma center providing inpatient care, hospitalization services, including medical, surgical, critical/intensive care, and telemetry care.
Listed in conjunction with Brian Brockman, Bang Realty-New Jersey Inc, 513-898-1551, [email protected], NJ DRE Lic. 2078547.
Investment highlights
In a 1, 3 and 5-mile radius average household incomes range from $120,000 to $130,000 per household.
Situated at the crossroads of US-46 and NJ-10, the property benefits from its close proximity to the Christopher Columbus Highway interchange (I-80), with over 114,000 vehicles per day.
The lease is an absolute NNN lease with zero landlord obligations whatsoever.
Located less than 4 miles from the property, Saint Clare’s Dover Hospital General is a 24/7 trauma center providing inpatient care and hospitalization services.
There is more than 2 million square feet of retail space within 1 mile of the property, anchored by Walmart, Home Depot, Petco, Burlington, and Kohl's.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
