$5,625,000 USD
703-477-1315
421 Ryders Ln
East Brunswick, NJ 08816
Turnpike East
HIGHLIGHTS
- NNN Lease with Renewal Options | 5.00% Escalations Every 5 Years
- Positioned at the Hard-Cornered, Signalized Intersection of Ryders Ln (11,757 VPD) & Milltown Rd (11,767 VPD).
- 6.6 MSF of retail, 2.8 MSF of office, 12.3 MSF industrial & 4,095 multifamily units within a 3-mile radius.
- Located approximately 4 miles southeast of downtown New Brunswick, NJ
- Newark-Union, NJ-PA Metropolitan Statistical Area (MSA Population: 2.1M+)
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 13,350-square-foot Walgreens situated on 4.76 acres in East Brunswick, New Jersey -- part of the Newark-Union, NJ-PA MSA (MSA Population: 2.1M+). The site is subject to a ±14.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.
FOR SALE DETAILS
PRICE
$5,625,000 USD
PRICE/SF
$421 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens East Brunswick, NJ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
68
LAND DETAILS
LAND ACRES
4.76 AC
LAND SF
207,346 SF
ZONING
C3
APN/PARCEL ID
04-00317-13-00043-01
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703-477-1315
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703-477-1315
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