Retail    

Walgreens

 Whiting, NJ

Asking Price

$8,029,107

Cap Rate

6.50%

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Abs. NNN Lease

Passive Investment

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Corporate Guarantee

Walgreens Corporate

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Long-Term Lease

9+ Years

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Operating History

10+ Years

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease - No Landlord Responsibilities - This lease features zero landlord responsibilities, creating a passive armchair investment for a cash flow-driven investor. NNN leases are especially attractive for those seeking management-free investment opportunities.        
  • Corporate Guarantee - The lease is guaranteed by Walgreens corporate, creating security of rental payments.

 

  • Long-Term Lease with Built-in Rental Increases - Walgreens has over 9 years of firm term left on the lease and options to extend until 2084 with built-in rental increases. 
  • 10-Year+ Operating History - Walgreens has operated at this location since 2014 and has proven to be a successful location for the company.
  • Premier New Jersey Market - The property is located in Ocean County, a growing submarket south of New York City.

Exclusively Listed By

Jason Maier

Senior Vice President
  jmaier@northmarq.com      646.841.0627
NJ #1537436

Shaan Dadlani

Associate, Investment Sales
  sdadlani@northmarq.com      646.845.8426

Ashley Wilhide

Lead Operations Analyst
  awilhide@northmarq.com      646.845.8424

Northmarq

120 W 45th St, Suite 2610
New York City, NY 10036
P: +1 646.778.5560


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