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Drugstore For Sale • 12,300 SF
| Features a rare long-term Walgreens ground lease with 10% rental increases in the base term coupled with a New York City MSA location |
| Irvington is located just 3 miles from Newark and 15 miles from Manhattan, within the dense NY-NJ-PA MSA - more than 428,000 residents within 3 mi |
| Strong Fundamentals: Walgreens ground lease structure, replaceable rent, hard corner location, signaled intersection, and drive-thru |
| The Property features a drive-thru, a key part of tenant success throughout COVID-19 and of increased importance for many tenants moving forward |
| Corporately guaranteed by Walgreens Co., part of the Walgreens Boots Alliance (WBA), which has an investment grade “BBB” rating by Standard and Poor’s |
| Just 1 mile from on-ramps to both the Garden State Parkway (235,003 VPD) and I-78 (172,282 VPD), providing access throughout NJ and the New York Metro |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East Orange (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) | 5 min | - | 2.8 mi |
| Newark Airport (North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) | 9 min | - | 2.9 mi |
| Airport | Drive | Walk | Distance |
| Newark Liberty International | 10 min | - | 6.4 mi |
| LaGuardia | 44 min | - | 25.6 mi |
| John F Kennedy International | 53 min | - | 33.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 50 |
| Type: | Surface |
| Included in Rent: | Yes |
