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520 Cedar Ln
Teaneck, NJ 07666 Downtown Teaneck

$8,700,000 USD

Drugstore For Sale • 14,737 SF

Property Details

Property Type Drugstore
Total Building Size 14,737 SF
Lot Size 0.64 AC
Building Class B
Year Built 2016
Cap Rate 6.43 %
Tenancy Single
Zoning B1

0 Transit Score

91 Walk Score

                
                    Highlights
                
                                Absolute Triple Net (NNN) Property w/zero Landlord Responsibilities.
                            
                                Built in 2016
                            
                                Trophy Corner Location in Prominent Bergen County New Jersey (over 950k population)
                            
                                Long Term Lease with just over 12 Years Remaining on the Original 75 Year Lease
                            
                                Walgreens Boots Alliance has a Presence in More than 25 Countries, Employs more than 440,000 People and has more than 18,750 Stores
                            
                                Located on a Hard Corner Intersection on a Main Corridor in Teaneck with over 22,000 VPD Exposure

Property Flyers

Walgreens-

Cap Rate:

6.43 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Walgreens	14,737 SF	12/30/2036

Amenities

Corner Lot
Signalized Intersection

Public Transportation

Commuter Rail	Drive	Walk	Distance
Anderson Street (Pascack Valley Line - NJ Transit Commuter Rail (NJ Transit))	2 min	-	1.2 mi
New Bridge Landing (Pascack Valley Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.4 mi
Airport	Drive	Walk	Distance
Laguardia	27 min	-	16.2 mi
Newark Liberty International	21 min	-	17.9 mi
Westchester County	48 min	-	32.0 mi

Jason Trembicki 917-526-2982 KW Commercial

520 Cedar Ln Teaneck, NJ 07666 Downtown Teaneck