3221 Bayshore Rd - Drug Store FOR SALE


North Cape May, NJ 08204
$3,779,483 USD
847-226-4133
3221 Bayshore Rd, North Cape May, NJ for Sale
$3,779,483 USD
Drug Store - FOR SALE
1/5
null | 7.75% Cap Rate

3221 Bayshore Rd
North Cape May, NJ 08204


HIGHLIGHTS

  • he subject location has over 25 years of drugstore operating history allowing for an established customer base.
  • .5 miles N of Pelican Pointe Nursing Center that offers 24-hr Nursing Care, Rehab Therapy, Post Hospital & Surgical Care.
  • Excellent Demographics with an Average Household Income over $98,000.
  • Positioned on an oversized hard corner parcel along Bayshore Rd.

OVERVIEW

LONG TERM COMMITMENT: Walgreens executed a brand new 13 Year lease in 2022 INCREASES THROUGHOUT LEASE TERM: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.

FOR SALE DETAILS

PRICE

$3,779,483 USD

PRICE/SF

$286 USD /SF

CAP RATE

7.75%

% 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

1999

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

3.59 AC

LAND SF

156,380 SF

ZONING

commercial

APN/PARCEL ID

05-00495-01-00014

ASK ABOUT THIS PROPERTY

Jordan ShtulmanStream Capital PartnersMore Info
847-226-4133

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Jordan ShtulmanStream Capital PartnersMore Info
847-226-4133

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