Drive-Through Walgreens Ground
For Sale
Contact for pricing
Pending
465 Kearny Ave, Kearny, NJ 07032
Newer Walgreens built in 2015 on Kearny Avenue, with drive-through and ground lease structure.
Property Size12,670 SF
Lot Size1.10 Acres
Days on Market123
Property Features for 465 Kearny Ave
General Information
Standard status
Pending
Size
12,670 SF
Lot size
1.10 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Marcus & Millichap - Salt Lake City
(801) 736-2648
Listed By:
Andrew Knudsen · License #UT 9115765-SA00
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 10 at 2:23PM
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 Marcus & Millichap - Salt Lake City
Investment Insights
Based on property information with market context.
A Walgreens drug store built in 2015, totaling 12,670 square feet, located on a 1.1-acre lot on Kearny Avenue. The property includes a drive-through and is being offered as a ground lease. Included with the sale is a corporate guarantee of the lease from Walgreens, Co.
The original ground lease term is 20 years, expiring in March 2035, with the full lease including extensions extending to 2090. Lease increases are scheduled every five years starting in 2025, and the lease terms specify no responsibilities for the landlord.
The location is in Kearny, New Jersey within the northern New Jersey–New York metropolitan region, with access to major transportation routes including the New Jersey Turnpike, Interstate 280, and U.S. Routes 1 & 9. The town is also served by rail lines connecting New York City and broader destinations, and it is located within several miles of the ports of Elizabeth and Newark as well as Newark Liberty International Airport.
The original ground lease term is 20 years, expiring in March 2035, with the full lease including extensions extending to 2090. Lease increases are scheduled every five years starting in 2025, and the lease terms specify no responsibilities for the landlord.
The location is in Kearny, New Jersey within the northern New Jersey–New York metropolitan region, with access to major transportation routes including the New Jersey Turnpike, Interstate 280, and U.S. Routes 1 & 9. The town is also served by rail lines connecting New York City and broader destinations, and it is located within several miles of the ports of Elizabeth and Newark as well as Newark Liberty International Airport.
Key Highlights
- 12,670 SF Walgreens built in 2015 on a 1.1‑acre lot on Kearny Avenue in the Town of Kearny
- On‑site drive‑thru location
- Lease is structured as a ground lease with an original 20‑year term expiring March 2035
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
6,004 visits/mo
0.3 miles
PNC Bank
Shops & Services
4,914 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
1,603 visits/mo
0.5 miles
Demographics for 07032, NJ
41,999
Population
15,340
Households
2.7
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
4,773
Density / Sq Mi
$83,212
Median Household Income
$45,251
Median Earnings
$1,649
Median Rent
$431,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Walgreens Pharmacy — 248 Kearny Ave, Kearny, NJ 07032
- ShopRite Pharmacy of Kearny — 100 Passaic Ave, North Arlington, NJ 07031
- Daniel Kellner — 248 Kearny Ave, Kearny, NJ 070322505
- Malcolm Granderson — 100 Passaic Ave, Kearny, NJ 070321140
- CVS Pharmacy — 200 Passaic Ave, Kearny, NJ 07032
Frequently Asked Questions
What type of property is this?
Drug store - Newer Walgreens built in 2015 on Kearny Avenue, with drive-through and ground lease structure.
Where is this drug store located?
The property is located at 465 Kearny Ave Kearny, NJ.
What are key features of this property?
This property features: 12,670 SF Walgreens built in 2015 on a 1.1‑acre lot on Kearny Avenue in the Town of Kearny; On‑site drive‑thru location; Lease is structured as a ground lease with an original 20‑year term expiring March 2035
