25 Broad StBridgeton, NJ 08302

For Sale
$5,833,333

High-Yield Pharmacy Investment in NJ

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity features a Walgreens pharmacy located at 25 E Broad St, Bridgeton, NJ 08302. The property boasts a substantial 12,558 square foot building situated on a sizable 103-acre lot. Built in 1976 and zoned for commercial use, this property benefits from a long-term, absolute NNN lease with Walgreens, providing significant passive income potential. The current lease commenced on April 1st, 2008, and has a remaining term of approximately 58.9 years, expiring September 30th, 2083. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $350,000, yielding an attractive 6.00% cap rate. The asking price is $5,833,333, translating to a land value of $484.95 per square foot. This is a rare opportunity to acquire a highly stable, long-term investment with a nationally recognized tenant in a desirable location within Cumberland County, New Jersey. The property's substantial remaining lease term and consistent cash flow make it an ideal addition to any diversified real estate portfolio. The property's location and size offer significant long-term value and potential for future appreciation. This is a turnkey investment requiring minimal management.

Highlights

  • Walgreens-anchored property at 25 E Broad St, Bridgeton, NJ.
  • 12,558 SF building on a 103-acre lot.
  • NNN lease with Walgreens expiring 9/30/2083 (approx. 58.9 years remaining).
  • $350,000 NOI, 6.00% cap rate.
  • $5,833,333 asking price; $484.95/SF land value.

Property Details for 25 Broad St

Property type
Other retail properties, Individual retail properties
Year Built
1976
Lot Size (sq. ft)
4,486,680 SF

Location Insight

City
Bridgeton
County
Cumberland
State
New Jersey
Latitude
39.4276265
Longitude
-75.234187
25 Broad St, Bridgeton, New Jersey

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25 Broad St
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