1801 N Olden Ave - Freestanding FOR SALE


$6,490,700 USD
918-494-2690
1801 N Olden Ave, Ewing, NJ for Sale
$6,490,700 USD
Freestanding - FOR SALE
1/7
null | 8.75% Cap Rate


HIGHLIGHTS

  • Corporate Guaranty
  • Long Remaining Lease Term
  • Strong Retail Corridor with Exceptional Visibility
  • Absolute NNN Expense Structure
  • Densely Populated, Transit-Connected, and Affluent Area
  • Highly Educated Workforce Coupled with Major Employers

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in a single-tenant Walgreens Pharmacy located at 1801 North Olden Ave in Ewing (Trenton), New Jersey. The Property is 100% occupied by Walgreen Eastern Co, Inc. (Guaranteed by Walgreens Corporate) and is subject to an absolute net lease with no landlord responsibilities. There are 12+ years remaining on the base lease term with 50, 1-year renewal option periods; the absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord.

FOR SALE DETAILS

PRICE

$6,490,700 USD

PRICE/SF

$442 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

02-00118-0000-00045

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.