2546 Hooper Ave - Drug Store FOR SALE


Brick, NJ 08723
$5,221,000 USD
508-272-0585
2546 Hooper Ave, Brick, NJ for Sale
$5,221,000 USD
Drug Store - FOR SALE
1/1
null | 8% Cap Rate

2546 Hooper Ave
Brick, NJ 08723


HIGHLIGHTS

  • Strong Performing Store & Historical Sales – Call for Details
  • New 10.5 Year Extended Lease Term Remaining
  • Upscale Trade Area - Jersey Shore - Waterfront Communities of Shore Acres and Baywood
  • Single Tenant Absolute NNN Walgreens – Corporate Guarantee
  • Hard Corner Signalized Intersection of Drum Point Road & Hooper Avenue – Over 39,600 VPD
  • 14,550 SF Building with Drive-Thru on Large 2.8 Acre Parcel

OVERVIEW

The Walgreens in Brick, New Jersey offers investors the opportunity to acquire a long-term, net-leased asset backed by one of the nation’s most established pharmacy and health-retail operators. The property is positioned along one of Brick Township’s primary retail corridors, surrounded by major national retailers such as Walmart, Home Depot and Trader Joes, ensuring strong consumer draw and consistent daily traffic. Walgreens benefits from excellent visibility and convenient site access and provides investors with predictable income, no landlord responsibilities, and strong locational attributes, with high-visibility, hard corner positioning. The lease generates an annual rent of $417,718, backed by Walgreens’ investment-grade corporate guarantee (S&P BBB). Situated within a mature, high-income suburban trade area, the asset offers a secure, passive investment underpinned by strong market fundamentals and a durable national credit tenant.

FOR SALE DETAILS

PRICE

$5,221,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

VZ

APN/PARCEL ID

07-00548-02-00026

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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