Established Pharmacy with
For Sale
$1,050,000
111111 Cnty Rd Route, Manchester, NJ 08759
SINGLE_FAMILY - Manchester, NJ
Property Size2,664 SF
Lot Size1.42 Acres
Price / SF$394.14
Days on Market223
Property Features for 111111 Cnty Rd Route
General Information
Property type
Residential
Property subtype
Retail
Zoning
WTOP
Parking
16
Parking features
Open
Lot features
Near Shopping
Standard status
Active
APN
1900097000000012
Size
2,664 SF
Lot size
1.42 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Malav Kanuga
(908) 202-5738
Added: Jan 10
Changed: May 14
Last Checked: Aug 21 at 7:06PM
MLS# 2609406R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established pharmacy has been in business for over 25 years. It is situated in a trading area with numerous 55+ communities and assisted living facilities. The pharmacy operates under absentee ownership and benefits from limited competition in the immediate area. The location offers high visibility at a prime T-intersection, capturing direct traffic from the nearby 55+ community. The building spans 2664 square feet on a 1.42-acre lot, featuring ample parking and drive-thru convenience. The area includes many prescribers and healthcare resources, with proximity to restaurants and other businesses. The pharmacy's sales are projected to exceed $1.5 million in 2025, with a gross margin over 25%. The pharmacy maintains strong generic dispensing rates. Operating hours are Monday through Friday from 9 am to 6 pm and Saturday from 9:30 am to 2 pm; the pharmacy is closed on major holidays. The payroll includes one full-time pharmacist, one full-time pharmacy technician, and one part-time driver, totaling 49.5 hours. This presents an opportunity for an experienced pharmacist or multi-store owner to acquire a long-established, profitable pharmacy with potential for growth under more active ownership and marketing efforts.
Key Highlights
- Established pharmacy with 25+ years of proven profitability, with sales over $1.5MM in 2025 and a gross margin exceeding 25%.
- Located in a high‑demand area near 55+ communities and assisted living facilities.
- Prime, high‑visibility location at a T‑intersection** with direct traffic from a 55+ community.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,740
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$814,800
$814.8K
Cap Rate 7%
$582,000
$582.0K
Cap Rate 9%
$452,667
$452.7K
Market Conditions
NOI Build-Up for 2,664 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.5K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$54.3K $20.39/SF
− OpEx
−$13.6K −$5.10/SF
NOI
$40.7K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$814,800
Cap Rate 7%
$582,000
Cap Rate 9%
$452,667
Alternative Uses
Best Use
Specialty Retail
$582.0K
$509.3K – $679.0K
NOI $40,740 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$543.2K
$475.3K – $633.7K
NOI $38,024 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$695.6K
$608.7K – $811.6K
NOI $48,694 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Beauty & Spa 14%
Dining 9%
Sunoco
Shops & Services
5,422 visits/mo
0.3 miles
Great Clips
Beauty & Spa
1,019 visits/mo
0.5 miles
Saladworks
Dining
623 visits/mo
0.5 miles
Demographics for 08759, NJ
34,547
Population
22,101
Households
1.6
Avg Household Size
69
Median Age
23%
College-Educated
93%
High-School Grad
61.3 sq mi
ZIP Area
564
Density / Sq Mi
$55,000
Median Household Income
$41,089
Median Earnings
$1,324
Median Rent
$176,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS Pharmacy — 452 US-9, Waretown, NJ 08758
- CVS — 452 US-9, Waretown, NJ 08758
- ShopRite Pharmacy of Waretown — 501 US-9 Suite 100, Waretown, NJ 08758
- Paul Hammeke — 501 US-9 Suite 100, Waretown, NJ 087581751
Frequently Asked Questions
What type of property is this?
Drug store - Profitable pharmacy in high-visibility location with strong growth potential.
Where is this drug store located?
The property is located at 111111 Cnty Rd Route Manchester, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Established pharmacy with 25+ years of proven profitability, with sales over $1.5MM in 2025 and a gross margin exceeding 25%.; Located in a high‑demand area near 55+ communities and assisted living facilities.; Prime, high‑visibility location at a T‑intersection** with direct traffic from a 55+ community.
