"Dark" Walgreens 504 Kings Hwy Local commercial 1 297 m² À vendre Cherry Hill, NJ 08034

This single-tenant asset presents investors with a long-term, secure income opportunity, anchored by a corporate-guaranteed lease with Walgreens. The property encompasses approximately 13,965 square feet, including a mezzanine, and operates under an absolute NNN lease structure. With zero landlord responsibilities, this offering is uniquely positioned for investors seeking a stable, passive investment vehicle.
The lease extends through July 2035, with nine years of term remaining and rent guaranteed by Walgreens Corporate. Current net operating income is $489,000 NNN, offering reliable, predictable cash flow backed by one of the nation’s leading pharmacy chains. The property sits at a highly visible and easily accessible location along N. Kings Highway (NJ Route 41), a major commercial corridor in Cherry Hill, NJ. Surrounding the property is a dense residential population combined with strong retail synergy from adjacent shopping centers and national brands, contributing to steady customer traffic and long-term viability.