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Drug Store

National Drugstore Portfolio | Walgreens | Brick, NJ

2546 Hooper Ave, Brick Township, NJ 08723

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,550
Lease Type
Absolute Net
Rent Per Square Feet
$30.93

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Brick Township is in Ocean County, New Jersey, about 43 miles southeast of Trenton. According to the United States Census Bureau, the estimated population within 5 miles was 163,305 in 2021. Highway connectivity is provided by U.S. Route 70 and New Jersey Route 88. The township is centrally located in Ocean County and provides easy access to the shore towns of Pt. Pleasant and Bayhead. Ocean County comprises a portion of the acclaimed New Jersey Shore, which contains a host of popular tourist attractions, highlighted by its beaches and boardwalks. The Jersey Shore provides a diverse array of activities for families to enjoy, from quiet towns and quaint villages to vibrant cities and amusement piers.

Investment Highlights

  • Just 2.0 miles south of Brick Plaza, the largest shopping center in Brick, New Jersey
  • Just 3 miles from Hackensack Ocean Medical Center
  • Proximity to the New Jersey Shore

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Drug Store

National Drugstore Portfolio | Walgreens | Brick, NJ

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,550
Lease Type
Absolute Net
Rent Per Square Feet
$30.93

Investment Highlights

  • Just 2.0 miles south of Brick Plaza, the largest shopping center in Brick, New Jersey
  • Just 3 miles from Hackensack Ocean Medical Center
  • Proximity to the New Jersey Shore

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Brick Township is in Ocean County, New Jersey, about 43 miles southeast of Trenton. According to the United States Census Bureau, the estimated population within 5 miles was 163,305 in 2021. Highway connectivity is provided by U.S. Route 70 and New Jersey Route 88. The township is centrally located in Ocean County and provides easy access to the shore towns of Pt. Pleasant and Bayhead. Ocean County comprises a portion of the acclaimed New Jersey Shore, which contains a host of popular tourist attractions, highlighted by its beaches and boardwalks. The Jersey Shore provides a diverse array of activities for families to enjoy, from quiet towns and quaint villages to vibrant cities and amusement piers.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

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