520 Cedar Ln
Teaneck, NJ 07666
Downtown Teaneck
HIGHLIGHTS
- Existing absolute triple net (NNN) leased property w/zero landlord responsibilities.
- This Trophy Corner location in Prominent Bergen County New Jersey, has a population of over 950k.
- Company was recently valued at over $10 Billion Dollars.
- There is a long term lease in-place with just under 12 Years Remaining on the initial term.
- Walgreens has over 310,000 employees globally and 12,500 retail locations.
OVERVIEW
KW Commercial has been retained on an exclusive basis to offer for sale this 14,000 SF+ Walgreens in Teaneck, NJ. With just under 12 years remaining on a Triple Net (NNN) Lease in a prime New York Metro market, this opportunity provides a Best-in-Class conservative and dependable investment vehicle.
FOR SALE DETAILS
PRICE
$8,300,000 USD
PRICE/SF
$563 USD /SF
CAP RATE
6.74%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
New Walgreens | New York City MSA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
0.58 AC
LAND SF
25,129 SF
ZONING
B1
APN/PARCEL ID
60-00702-0000-00001-01
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917-526-2982
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917-526-2982
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