Listing Contacts
Kenneth Yanni
License: PA RS323884
Edward Ginn
License: PA RM050201A
Asking Price
$3,482,474
Address
702 Browning Lane
Brooklawn, NJ
Property Details
Asking Price
$3,482,474
Property Type
Retail
Investment Type
Net Lease
Lease Type
NNN
Tenancy
Single
Lease Term
30.5 years
Lease Commencement
08/07/1998
Lease Expiration
01/23/2029
Remaining Term
9.2 years
Square Footage
10,908
Price/Sq Ft
$319.26
Cap Rate
6.75%
Occupancy
100%
NOI
$235,067
Units
1
Buildings
1
Lot Size (acres)
1.85
Parking (spaces)
58
Ownership
Fee Simple
Property Description
Offered for sale to qualified investors is the rare opportunity to purchase a Rite Aid just outside of Philadelphia, in Brooklawn, NJ. Located in Brooklawn, NJ, the subject property features a free-standing Rite Aid with a drive-thru.
Property Highlights
  • Long-term Extension Executed in 2012
  • Store Remodel Completed in 2014
  • Strong Traffic Counts w/ Total ADT Over 37,000
  • Located 5 Miles from Philadelphia and Philadelphia International Airport