Walgreens

2601 County Rd 516, Old Bridge, NJ
Deal Type:
Net Lease
Ownership Type:
LeaseHold
Price:
$4,178,573
Cap Rate:
7.5%
Current Rent:
$313,393
Lease Type:
Triple Net
Lease Term:
20 years
Lease Expiration Date:
Approx. 15 years
Renewal Options:
Ten, 5 Year
Building Sq. Ft.:
14,706 SF
  • walgreens old bridge stream capital partners
  • walgreens old bridge stream capital partners
  • walgreens old bridge stream capital partners
  • walgreens old bridge stream capital partners

Investment Highlights

  • Absolute NNN lease, zero LL responsibilities
  • Long term operating history, 15 years of term remaining on 20-year renewal
  • Relocation (2016), from in-line to pad location in order to build drive-through
  • Excellent access, location, and visibility on major retail corridor at a signalized interchange
  • High barrier to entry market with respect to zoning and entitlements
  • Densely populated part of the country with above average income and population demographics

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Broker of Record: Mike Antonoplos, Lic #NJ-MJA-8132327

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