625 N Black Horse Pike - Drug Store FOR SALE


Blackwood, NJ 08012
$5,154,000 USD
508-272-0585
625 N Black Horse Pike, Blackwood, NJ for Sale
$5,154,000 USD
Drug Store - FOR SALE
1/4
null | 9% Cap Rate

625 N Black Horse Pike
Blackwood, NJ 08012


HIGHLIGHTS

  • STRONG Store Sales History - Ranked in the Top 25% of Walgreens Stores in the Country
  • Large 2.15 Acre Parcel – 14,820 SF Building with Drive-Thru - Excellent Visibility & Access
  • Absolute NNN Leased Walgreens – Corporate Guarantee – Zero Landlord Responsibilities
  • 6+ Lease Years Remaining on Lease - 75-Year Primary Term - Option to Terminate Beginning in 2031 – 12 Months’ Notice Required
  • Hard-Corner Signalized Intersection – Combined Traffic Count Exceeding 31,700 VPD

OVERVIEW

Atlantic Capital Partners is pleased to present a corporate-guaranteed Walgreens in Deptford, NJ, within the Philadelphia–Camden–Wilmington MSA. The property features an absolute NNN lease with over six years remaining, guaranteed by Walgreens Boots Alliance, providing investors zero landlord responsibilities and stable cash flow. Positioned at a signalized hard corner with 31,700+ VPD and adjacent to the 1M+ SF Deptford Mall (anchored by DICK’S Sporting Goods and JCPenney), the site benefits from strong retail synergy. This Walgreens ranks in the top 25% of stores nationally, offering long-term stability with a 75-year primary term and tenant termination flexibility beginning in 2031.

FOR SALE DETAILS

PRICE

$5,154,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

CROSS STREETS

Route 168

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

GB

APN/PARCEL ID

15-10801-0000-00001

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.