New Construction Drug Store
For Sale
Contact for pricing
Pending
1140 south avenue w, Westfield, NJ 07090
Absolute NNN ground lease with 20-year term starting April 2019, featuring ample parking and a drive-through.
Days on Market112
Property Features for 1140 south avenue w
General Information
Standard status
Pending
Property subtype
Retail
Amenities
drive thru
Building Details
Tenancy
Single
Listing Agency:
Stream Capital Partners
(312) 899-6664
Listed By:
Jordan Shtulman · License #IL 475152062
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 30 at 10:21AM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
A new construction CVS drug store offered as an absolute NNN ground lease. The lease is structured as a 20-year term commencing in April 2019.
The relocation store is replacing a high-performing store located approximately one mile away. The property is described as having ample parking and a drive-through configuration.
The site is located in affluent Westfield, New Jersey, approximately 25 miles from Manhattan, and is very close to the Raritan Valley Train Line, which serves 23,000+ people per day.
The relocation store is replacing a high-performing store located approximately one mile away. The property is described as having ample parking and a drive-through configuration.
The site is located in affluent Westfield, New Jersey, approximately 25 miles from Manhattan, and is very close to the Raritan Valley Train Line, which serves 23,000+ people per day.
Key Highlights
- Absolute NNN ground lease with a 20‑year term starting April 2019
- Relocation CVS store replacing a high‑performing store 1 mile away
- Includes ample parking and a drive‑through
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Stop & Shop
Groceries
22,563 visits/mo
0.4 miles
Demographics for 07090, NJ
31,056
Population
11,093
Households
2.8
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
4,635
Density / Sq Mi
$212,700
Median Household Income
$106,123
Median Earnings
$2,211
Median Rent
$930,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Prescription Fast Cash — 2253 South Ave #3, Scotch Plains, NJ 07076
- Dou Hwan Kim, PharmD — 1115 S Ave W, Westfield, NJ 07090
- CVS — 1144 South Ave W, Westfield, NJ 07090
- Brian Oliveira, PharmD — 1115 S Ave W, Westfield, NJ 07090
- Tiffany Natural Pharmacy — 1115 South Ave W, Westfield, NJ 07090
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN ground lease with 20-year term starting April 2019, featuring ample parking and a drive-through.
Where is this drug store located?
The property is located at 1140 south avenue w Westfield, NJ.
What are key features of this property?
This property features: Absolute NNN ground lease with a 20‑year term starting April 2019; Relocation CVS store replacing a high‑performing store 1 mile away; Includes ample parking and a drive‑through
