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125 Morris Ave
Springfield, NJ 07081

$7,625,000 USD

Drugstore For Sale  •  13,369 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,851 SF
  • Lot Size 1.21 AC
  • Building Class B
  • Year Built 2013
  • Tenancy Single
  • Zoning R-2
0 Transit Score
77 Walk Score

Highlights

Assumable $5.63M interest-only loan at below-market 3.50% fixed rate, offering a projected 20.7% cash-on-cash return (for qualified buyers).
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 (±38K VPD).
Northern New Jersey infill market with significant surrounding population base, including ±131,000 residents within a 3-mile radius.

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Millburn (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 5 min - 1.5 mi
Short Hills (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 5 min - 1.9 mi
AirportDriveWalkDistance
Newark Liberty International 15 min - 10.4 mi
LaGuardia 49 min - 29.7 mi
John F Kennedy International 58 min - 37.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Jason Pongsrikul 619-297-0055 Pharma Property Group- Drugstore Specialists
Jason Pongsrikul 619-297-0055 Pharma Property Group- Drugstore Specialists