Walgreens | Blackwood NJ| Absolute NNN Lease
Walgreens | Blackwood, NJ
Marketing description
Atlantic Capital Partners is pleased to present a corporate-guaranteed Walgreens in Deptford, NJ, within the Philadelphia–Camden–Wilmington MSA. The property features an absolute NNN lease with over six years remaining, guaranteed by Walgreens Boots Alliance, providing investors zero landlord responsibilities and stable cash flow. Positioned at a signalized hard corner with 31,700+ VPD and adjacent to the 1M+ SF Deptford Mall (anchored by DICK’S Sporting Goods and JCPenney), the site benefits from strong retail synergy. This Walgreens ranks in the top 25% of stores nationally, offering long-term stability with a 75-year primary term and tenant termination flexibility beginning in 2031.
Investment highlights
TOP-TIER SALES PERFORMANCE - With strong reported sales, and ranked in the top 25% of stores nationally (PlacerAI), this site benefits from consistent year over-year sales growth and strong drive thru volume, reflecting proven tenant performance
ABSOLUTE TRIPLE-NET LEASE WITH CORPORATE GUARANTEE - Backed by Walgreens Boots Alliance one of the world’s largest pharmacy operators with 9,000+ U.S. locations, the lease provides investors with zero landlord responsibilities and stable, predictable cash flow
LONG-TERM CONTROL WITH STRATEGIC FLEXIBILITY - The lease term ensures stable cash flow through 2031, balancing tenant needs and visibility at the location
PROMINENT CORNER RETAIL LOCATION - Positioned at a signalized intersection with combined traffic counts exceeding 30,000 vehicles per day, the property offers excellent visibility, multiple access points, and sustained customer draw
DOMINANT REGIONAL RETAIL TRADE AREA - Adjacent to Deptford Mall anchored by DICK’S Sporting Goods & JCPenney and surrounded by Walmart, Target, Lowe’s, Sam’s Club, BJ’s, and McDonald’s, this Walgreens benefits from synergy with high-volume retailers
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