Walgreens | Strong Store Sales | Abs NNN Lease

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Walgreens in Blackwood, NJ. Walgreens is one of the largest drugstore chains in the U.S. and operates approximately 8,500 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The 75-year corporate-guaranteed lease has over 6+ lease years remaining in the primary term with zero landlord responsibilities and potential for additional percentage rent.

The 14,820 SF standalone building with drive-thru on a large 2.15-acre parcel is strategically positioned on the hard-corner signalized intersection of Black Horse Pike, Almonesson Road, Coles Road and Blenheim-Erial Road, which have a combined traffic count exceeding 31,700 VPD, prospers from excellent visibility and access. Deptford Mall, the DICK’s Sporting Goods and JC Penney anchored super regional mall (1 million SF), is approximately two miles from the subject property and is surrounded by countless national retailers including Target, Walmart Supercenter, Sam’s Club, BJ’s Wholesale Club, Lowe’s Home Improvement, McDonald’s, Chick-fil-A, Raising Cane’s, Chipotle, Starbucks and many more.

This is an excellent opportunity to purchase a triple-net-leased corporate Walgreens in a dense infill upscale trade area located in the Philadelphia-Camden-Wilmington MSA (population exceeding 6.2 million).

Available