2601-2727 Highway 516 | Old Bridge, NJ 08857
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2601-2727 Highway 516
Old Bridge, NJ 08857
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease, zero LL responsibilities
- Relocation (2016), from in-line to pad location in order to build drive-through
- High barrier to entry market with respect to zoning and entitlements
- 14 years of lease term remaining
- Excellent access, location, and visibility on major retail corridor at a signalized interchange
- Densely populated part of the country with above average income and population demographics
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
93,251 SF
Building Class
C
Year Built/Renovated
1960/2008
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
8.99 AC
Zoning
CC
PROPERTY TAXES
| Parcel Number | 15-15502-0000-00003-12 | Improvements Assessment | $1,755,800 |
| Land Assessment | $1,744,200 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
15-15502-0000-00003-12
Land Assessment
$1,744,200
Improvements Assessment
$1,755,800
Total Assessment
$3,500,000
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