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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

PROPERTY TAXES

Parcel Number
15-15502-0000-00003-12
Land Assessment
$1,744,200
Improvements Assessment
$1,755,800
Total Assessment
$3,500,000
  • Listing ID: 24698440

  • Date on Market: 12/20/2021

  • Last Updated:

  • Address: 2601-2727 Highway 516, Old Bridge, NJ 08857

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