856-354-9700
504 Kings Hwy, Cherry Hill, NJ for Sale
Drug Store - FOR SALE
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null | Request Cap Rate

504 Kings Hwy
Cherry Hill, NJ 08034
Cherry Hill/Haddonfield


HIGHLIGHTS

  • Absolute NNN structure with zero landlord obligations, providing a fully passive investment.
  • Corporate-guaranteed lease with Walgreens through July 2035, ensuring income security.
  • Current NOI of $489,000 under a long-term lease structure.
  • Located on N. Kings Highway within a vibrant retail corridor in Cherry Hill, NJ.
  • Strong surrounding demographics and proximity to Philadelphia support long-term value.
  • Built in 2010 with a prominent, well-maintained building footprint.

OVERVIEW

This single-tenant asset presents investors with a long-term, secure income opportunity, anchored by a corporate-guaranteed lease with Walgreens. The property encompasses approximately 13,965 square feet, including a mezzanine, and operates under an absolute NNN lease structure. With zero landlord responsibilities, this offering is uniquely positioned for investors seeking a stable, passive investment vehicle. The lease extends through July 2035, with nine years of term remaining and rent guaranteed by Walgreens Corporate. Current net operating income is $489,000 NNN, offering reliable, predictable cash flow backed by one of the nation’s leading pharmacy chains. The property sits at a highly visible and easily accessible location along N. Kings Highway (NJ Route 41), a major commercial corridor in Cherry Hill, NJ. Surrounding the property is a dense residential population combined with strong retail synergy from adjacent shopping centers and national brands, contributing to steady customer traffic and long-term viability.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

"Dark" Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

O1, Cherry Hill Twp

APN/PARCEL ID

09-00286-18-00013

ASK ABOUT THIS PROPERTY

Kevin BurnsMarkeim Chalmers, IncMore Info
856-354-9700

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Kevin BurnsMarkeim Chalmers, IncMore Info
856-354-9700

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