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Walgreens - Midnight Store 1111 N High St 14,490 SF Retail Building Millville, NJ 08332 $4,450,000 ($307.11/SF) 8.43% Cap Rate
Investment Highlights
- Absolute Net Lease | Zero Landlord Responsibilities
- Multiple Access Points | Accessible from N. High St N. 2nd Ave & W. Harrison Ave
- Combined Traffic Counts in Excess of 24,506 VPD+
- 5 Years Remaining on Original 25 Year Term
- Hard Corner Signalized Intersection | Midnight Store
- Less Than 10 Minutes from Inspira Medical Center |262-Bed Facility
Executive Summary
Absolute Net Lease | Zero Landlord Responsibilities 5+ Years Remaining on Original 25 Year Term Multiple Access Points | Accessible from N. High St N. 2nd Ave & W. Harrison Ave
Hard Corner Signalized Intersection | Midnight Store Corporate Guarantee | Walgreens | (S&P: "BBB") Combined Traffic Counts in Excess of 24,506 VPD+ Less Than 10 Minutes from Inspira Medical Center |262-Bed Facility
Major Local Employer is ARC International | Over 1,000 Employees
Population within a 3 Mile Radius Exceeds 29,135
5 Mile Average Household Income is $78,159
National Tenants Surrounding the Immediate Area Include: Target, Walmart, Lowe's, Hobby Lobby, McDonald's, 7-Eleven, WaWa and Many Others
Hard Corner Signalized Intersection | Midnight Store Corporate Guarantee | Walgreens | (S&P: "BBB") Combined Traffic Counts in Excess of 24,506 VPD+ Less Than 10 Minutes from Inspira Medical Center |262-Bed Facility
Major Local Employer is ARC International | Over 1,000 Employees
Population within a 3 Mile Radius Exceeds 29,135
5 Mile Average Household Income is $78,159
National Tenants Surrounding the Immediate Area Include: Target, Walmart, Lowe's, Hobby Lobby, McDonald's, 7-Eleven, WaWa and Many Others
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
C
Year Built
2003
Price
$4,450,000
Price Per SF
$307.11
Cap Rate
8.43%
NOI
$375,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.95 AC
Opportunity Zone
Yes
Zoning
B-4 - General Business
Parking
45 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00281-0000-00001 | Improvements Assessment | $1,420,000 |
| Land Assessment | $480,000 | Total Assessment | $1,834,700 |
Property Taxes
Parcel Number
10-00281-0000-00001
Land Assessment
$480,000
Improvements Assessment
$1,420,000
Total Assessment
$1,834,700
Contacts
-
Deno Bistolarides -
Brent Hanna -
Brandon Hanna -
Encore Real Estate Investment Services
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Walgreens - Midnight Store | 1111 N High St
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