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Walgreens 625 N Black Horse Pike 14,820 SF Retail Building Blackwood, NJ 08012 $7,107,005 CAD ($479.55 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- STRONG Store Sales History - Ranked in the Top 25% of Walgreens Stores in the Country
- Absolute NNN Leased Walgreens – Corporate Guarantee – Zero Landlord Responsibilities
- Hard-Corner Signalized Intersection – Combined Traffic Count Exceeding 31,700 VPD
- Large 2.15 Acre Parcel – 14,820 SF Building with Drive-Thru - Excellent Visibility & Access
- 6+ Lease Years Remaining on Lease - 75-Year Primary Term - Option to Terminate Beginning in 2031 – 12 Months’ Notice Required
EXECUTIVE SUMMARY
Atlantic Capital Partners is pleased to present a corporate-guaranteed Walgreens in Deptford, NJ, within the Philadelphia–Camden–Wilmington MSA. The property features an absolute NNN lease with over six years remaining, guaranteed by Walgreens Boots Alliance, providing investors zero landlord responsibilities and stable cash flow.
Positioned at a signalized hard corner with 31,700+ VPD and adjacent to the 1M+ SF Deptford Mall (anchored by DICK’S Sporting Goods and JCPenney), the site benefits from strong retail synergy. This Walgreens ranks in the top 25% of stores nationally, offering long-term stability with a 75-year primary term and tenant termination flexibility beginning in 2031.
Positioned at a signalized hard corner with 31,700+ VPD and adjacent to the 1M+ SF Deptford Mall (anchored by DICK’S Sporting Goods and JCPenney), the site benefits from strong retail synergy. This Walgreens ranks in the top 25% of stores nationally, offering long-term stability with a 75-year primary term and tenant termination flexibility beginning in 2031.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built/Renovated
1984/2006
Price
$7,107,005 CAD
Price Per SF
$479.55 CAD
Cap Rate
9%
NOI
$639,579 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.15 AC
Zoning
GB
Parking
61 Spaces (5.78 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 15-10801-0000-00001 | Improvements Assessment | $5,868,302 CAD |
| Land Assessment | $940,613 CAD | Total Assessment | $6,808,915 CAD |
PROPERTY TAXES
Parcel Number
15-10801-0000-00001
Land Assessment
$940,613 CAD
Improvements Assessment
$5,868,302 CAD
Total Assessment
$6,808,915 CAD
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Walgreens | 625 N Black Horse Pike
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