- Walgreens operates under an NNN lease with zero landlord responsibilities.
- Lease extends through July 31, 2038, providing 12 years and 6 months of remaining income.
- Situated at the intersection of Morris Ave. and Springfield Ave., a primary commuter and retail corridor with an average daily traffic count of ±38,100 vehicles combined.
- Northern New Jersey infill market with significant surrounding population base, including ±131,000 residents within a 3-mile radius.
Sold properties
- Located in Jacksonville’s San Marco submarket, which maintains a 3.5% retail vacancy rate—nearly one percentage point below the national average of 4.3%.
- Frontage on University Boulevard (28.5 VPD) and St. Augustine Road (16.3K VPD), positioned under one mile from the I‑95 (171K VPD) ingress/egress—a primary corridor into Downtown Jacksonville.
- Property is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens.
- Average household income of over $134,000 within a 3-mile radius.
- Located 1 mile north of the property, St. Joseph's University - Long Island (3,000 students on 32-acre campus).
- Located 2.5 miles from the property, NYU Langone Hospital - Suffolk is a 306-bed medical center, home to the Knapp Cardiac Care Center—an advanced heart disease diagnostic and treatment facility.
- Long Island, comprised of Suffolk and Nassau counties, has a population of 8.06 million, comprising over one-third of New York State's entire population.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- Located 1 mile south of the property, Central Michigan University has over 15,000 full-time students and is one of the major employers in Mt. Pleasant.
- Less than 1 mile from the property, McLaren Central Michigan is a 118-bed acute care, CMS 5-Star rated hospital that serves Mount Pleasant, Isabella County, and central Michigan.
- There are 2 other Walgreens locations that are situated west of Dubuque's downtown area. This location serves Eastern Dubuque with the next closest Walgreens being approximately 18 miles away to the east.
- MercyOne Dubuque Medical Center (263 Beds - 1,500 Employees) and UnityPoint Health-Finley Hospital (126 Beds - 940 Employees) are both located within a 2-mile radius from the Walgreens location.
- Located approximately 1.5 miles east, Schmidt Island has already begun development on a seven-story 90-room hotel, an outdoor concert amphitheater, and a PinSeekers (a hybrid-golf entertainment facility). All three amenities are expected to open by the end of 2026.
- Major employers include Fort Liberty (63,000), Cape Fear Valley Health System (7,100), and Cumberland County Schools (5,800).
- Within 5 miles of Methodist University (1,910 students), Fayetteville State University (6,700 students; 500+ faculty), and Fayetteville Technical Community College (28,000 students).
- Located on Ramsey Street (U.S. 401), a primary north–south arterial with ±58,600 vehicles per day and direct access to I-295/I-95.
- Located two miles east of Jefferson Memorial Hospital.
- Oshkosh Corporation, a Fortune 500 company, has a 500,000 square foot facility in Jefferson City and employs approximately 300 employees.
- Walgreens benefits from being located in a 964,000 SF retail corridor with nearby national tenants such as Tractor Supply Co., CVS, Walmart Supercenter, Lowes, Dollar General, O'Reilly, Advance Auto Parts, and Food City.
- Cherokee Reservoir is located 2.5 miles to the north and attracts 1 to 2 million visitors annually.
- This is the only Walgreens property on the southwest side of the Missouri River, and the nearest freestanding CVS store is over 70 miles away.
- The average household income within a 1-mile and 5-mile radius is approximately ±$75,000.
- Northeast Community College - South Sioux City Campus, less than 1 mile away, enrolls over 5,500 students in full or part-time classes.
- Close proximity to WMU which consists of 22,500 students and employs 803 faculty as well as Kalamazoo College with 1,378 students.
- The Kalamazoo area serves as headquarters for Fortune 500 companies Stryker & Zoetis, with over ±1.2 million square feet in office/warehouse space.
- Located less than two miles from the subject property, Bronson Methodist Hospital consists of 434 beds and operates on a 28-acre campus.
- Located at the intersection of Riverdale Road and Winchester Road, capturing approximately 62,256 vehicles daily.
- Surrounded by major national retailers including Costco, Walmart, Sam’s Club, Home Depot, Lowe’s, Ross, Kroger, and Topgolf.
- Regional economy anchored by FedEx’s global air cargo hub and major distribution centers for Nike, Amazon, UPS, and DHL.