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421 Ryders Ln
East Brunswick, NJ 08816
Walgreens: East Brunswick, NJ · Retail Property For Sale
Investment Highlights
- NNN Lease with Renewal Options | 5.00% Escalations Every 5 Years
- 6.6 MSF of retail, 2.8 MSF of office, 12.3 MSF industrial & 4,095 multifamily units within a 3-mile radius.
- Newark-Union, NJ-PA Metropolitan Statistical Area (MSA Population: 2.1M+)
- Positioned at the Hard-Cornered, Signalized Intersection of Ryders Ln (11,757 VPD) & Milltown Rd (11,767 VPD).
- Located approximately 4 miles southeast of downtown New Brunswick, NJ
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 13,350-square-foot Walgreens situated on 4.76 acres in East Brunswick, New Jersey -- part of the Newark-Union, NJ-PA MSA (MSA Population: 2.1M+). The site is subject to a ±13.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,350 SF
Building Class
B
Year Built
1996
Price
$5,625,000
Price Per SF
$421.35
Cap Rate
6%
NOI
$337,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.76 AC
Zoning
C3 - Commercial
Parking
68 Spaces (5.09 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 04-00317-13-00043-01 | Improvements Assessment | $484,100 |
| Land Assessment | $522,300 | Total Assessment | $991,600 |
Property Taxes
Parcel Number
04-00317-13-00043-01
Land Assessment
$522,300
Improvements Assessment
$484,100
Total Assessment
$991,600
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