596 RIVER AVE, LAKEWOOD, NJ 08701-5287

CVS Pharmacy at 596 River Avenue, Lakewood, New Jersey 08701 presents a premier net lease investment opportunity backed by investment-grade credit and a mission-critical healthcare location. This 14,838 SF freestanding pharmacy sits on 1.51 acres at a high-visibility corner site and features a drive-thru, long-term operating history, and direct proximity to daily healthcare demand. The property is leased to CVS Pharmacy under an absolute NNN ground lease with zero landlord responsibilities, providing passive income supported by a corporate guarantee from CVS Pharmacy Inc. The offering includes approximately 11.5 years remaining on the current term, with rent through January 31, 2038 and eight 5-year renewal options, each featuring 5% rental increases. Positioned directly across River Avenue from Monmouth Medical Center Southern Campus, the site benefits from a built-in customer base of patients, staff, and visitors. The surrounding trade area is exceptionally dense, with 29,340 residents within 1 mile, average household income of $111,149, and traffic counts approaching 29,767 vehicles per day. This is an attractive opportunity to acquire a high-performing, corporate-backed pharmacy asset in one of New Jersey’s fastest-growing communities.