476 W Union Ave | Bound Brook, NJ 08805
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476 W Union Ave
Bound Brook, NJ 08805
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease Extension – 11.5 Year Absolute NNN Ground Lease in Northern New Jersey with Zero Landlord Obligations
- Strong Retail Corridor – Directly Across I-287 from Bridgewater Promenade, a 625,000-Square Foot Shopping Center that is Home to Major Retailers
- Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of West Union Avenue (±24,000 VPD) and Thompson Avenue (±6,200 VPD)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,125 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.26 AC
Zoning
B11
Parking
45 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
232’ on Union
PROPERTY TAXES
| Parcel Number | 04-00060-0000-00001-01 | Improvements Assessment | $5,345,000 |
| Land Assessment | $550,000 | Total Assessment | $5,895,000 |
PROPERTY TAXES
Parcel Number
04-00060-0000-00001-01
Land Assessment
$550,000
Improvements Assessment
$5,345,000
Total Assessment
$5,895,000
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