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Drug Store

National Drugstore Portfolio | Walgreens | Blackwood, NJ

625 N Black Horse Pike, Gloucester Township, NJ 08012

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$31.30

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. Mechanicsville (Blackwood) is located in the Gloucester Township of Camden County in New Jersey. Gloucester is in the southern portion of New Jersey, about 16 miles southeast of Philadelphia. In 2021, the estimated population within 5 miles was 218,154, according to the United States Census Bureau. Highway connectivity in Mechanicsville is provided by the North/South Freeway (New Jersey Route 42) and Black Horse Pike, which are both easily accessible from Walgreens. Major employers in the region include Cooper Health System, American Water 5Work, Bancroft Brain Injury Services, and Campbell Soup Company. Gloucester is comprised of several neighborhoods in Southern New Jersey. The township is home to Camden County College, a 2-year college that offers more than 140 programs of study. The Gloucester Premium Outlets are also in the township, about 1 mile from Walgreens.

Investment Highlights

  • Easy access to Black Horse Pike and New Jersey Route 42
  • Black Horse Pike connects Camden to Atlantic City
  • About 1 mile from the Gloucester Premium Outlets

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 | Blackwood, NJ

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$31.30

Investment Highlights

  • Easy access to Black Horse Pike and New Jersey Route 42
  • Black Horse Pike connects Camden to Atlantic City
  • About 1 mile from the Gloucester Premium Outlets

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. Mechanicsville (Blackwood) is located in the Gloucester Township of Camden County in New Jersey. Gloucester is in the southern portion of New Jersey, about 16 miles southeast of Philadelphia. In 2021, the estimated population within 5 miles was 218,154, according to the United States Census Bureau. Highway connectivity in Mechanicsville is provided by the North/South Freeway (New Jersey Route 42) and Black Horse Pike, which are both easily accessible from Walgreens. Major employers in the region include Cooper Health System, American Water 5Work, Bancroft Brain Injury Services, and Campbell Soup Company. Gloucester is comprised of several neighborhoods in Southern New Jersey. The township is home to Camden County College, a 2-year college that offers more than 140 programs of study. The Gloucester Premium Outlets are also in the township, about 1 mile from Walgreens.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

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