Walgreens Drive-Through Drug
For Sale
Contact for pricing
Pending
101 President Street, Passaic, NJ 07055
Pharmacy property with drive-through service and approximately 2.6 years remaining in its initial lease term.
Property SizeContact for details
Days on Market42
Property Features for 101 President Street
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Cap Rate
6.75%
Drive-Thru
Yes
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 8:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
The property is a Walgreens drug store with drive-through pharmacy service at 101 President Street in Passaic, New Jersey. The initial lease term has approximately 2.6 years remaining, followed by eight additional five-year options. The next option is scheduled to begin January 1, 2021. The offering reflects a 6.75% cap rate.
The store occupies an outparcel of an approximately 117,827-square-foot Home Depot and sits within one block of a K-Mart-anchored shopping center. It is 16 miles from lower Manhattan and 7 miles from the Meadowlands. The property is adjacent to Passaic Industrial Center, a 1.64-million-square-foot industrial complex spanning 30.86 acres and containing 41 buildings. St. Mary’s General Hospital, with 287 beds, is less than 1.5 miles away.
The store occupies an outparcel of an approximately 117,827-square-foot Home Depot and sits within one block of a K-Mart-anchored shopping center. It is 16 miles from lower Manhattan and 7 miles from the Meadowlands. The property is adjacent to Passaic Industrial Center, a 1.64-million-square-foot industrial complex spanning 30.86 acres and containing 41 buildings. St. Mary’s General Hospital, with 287 beds, is less than 1.5 miles away.
Key Highlights
- Walgreens drug store with drive‑through pharmacy service
- Approximately 2.6 years remain on the initial lease term
- Eight 5‑year lease options follow the initial term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
269k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 25%
Home Improvements & Furnishings 22%
Groceries 8%
The Home Depot
Home Improvements & Furnishings
60,202 visits/mo
0.2 miles
McDonald's
Dining
44,060 visits/mo
0.1 miles
Five Below
Shops & Services
38,545 visits/mo
0.2 miles
Dollar Tree
Shops & Services
24,742 visits/mo
0.2 miles
Superfresh
Groceries
22,831 visits/mo
0.3 miles
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Drug store - Pharmacy property with drive-through service and approximately 2.6 years remaining in its initial lease term.
Where is this drug store located?
The property is located at 101 President Street Passaic, NJ.
What are key features of this property?
This property features: Walgreens drug store with drive‑through pharmacy service; Approximately 2.6 years remain on the initial lease term; Eight 5‑year lease options follow the initial term
