1905 State Route 33
Neptune, NJ 07753
Walgreens · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 1905 STATE ROUTE 33 , NEPTUNE, NJ 07753
Marcus & Millichap is pleased to present for sale a strong performing 24-hour Walgreens located at 1905 State Route 33 in Neptune, Monmouth County, New Jersey less than an hour driving distance from New York City. The subject property consists of a 19,390 square foot structure including 6,000 square feet of mezzanine space positioned on a 1.48-acre lot with 61 parking spaces and a drive-thru. This absolute triple-net (NNN) Walgreens has over seven (7) years remaining on the lease base term (option to terminate December 2025) and is corporately guaranteed by Walgreens Boots Alliance. The lease also features an additional 50 years of lease term with tenant options to terminate every five (5) years. Walgreens Boot Alliance is the largest retail pharmacy, health, and daily living destination across the U.S. and Europe with over 13,200 stores in 11 countries and an S&P credit rating of BBB.
PROPERTY TAXES
| Parcel Number | 35-01202-0000-00003 | Improvements Assessment | $2,594,900 |
| Land Assessment | $860,200 | Total Assessment | $3,455,100 |
