Walgreens Drugstore with NNN
For Sale
Contact for pricing
3221 Bayshore Rd, Cape May, NJ 08204
The existing tenancy includes extension options and scheduled rent increases.
Property SizeContact for details
Days on Market144
Property Features for 3221 Bayshore Rd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Asking Price
$4,700,000
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:04PM
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.
Located at 3221 Bayshore Rd in Lower Township, New Jersey, this Walgreens drugstore is supported by an established operating history exceeding 20 years. The current lease has approximately 3.5 years remaining, followed by three 5-year options, with a scheduled rent increase on September 8, 2025.
The property is approximately 1.5 miles north of Pelican Pointe Nursing Center and directly across the street from Fresenius Dialysis Center. Highway 9 and The Garden State Parkway are less than 4 miles to the west, providing access to Cape May and surrounding communities. The store serves a market of approximately 9,500 households within a 3-mile radius. North Cape May is approximately 68 miles southeast of downtown Philadelphia and part of the Philadelphia CSA, which has approximately 6,100,000 residents.
The property is approximately 1.5 miles north of Pelican Pointe Nursing Center and directly across the street from Fresenius Dialysis Center. Highway 9 and The Garden State Parkway are less than 4 miles to the west, providing access to Cape May and surrounding communities. The store serves a market of approximately 9,500 households within a 3-mile radius. North Cape May is approximately 68 miles southeast of downtown Philadelphia and part of the Philadelphia CSA, which has approximately 6,100,000 residents.
Key Highlights
- Walgreens drugstore at 3221 Bayshore Rd, Lower Township, NJ 08204
- Approximately 3.5 years remain on the lease, followed by three (5‑year) options
- Rent increases to $299,279 on September 8, 2025
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,893 visits/mo
0.1 miles
Demographics for 08204, NJ
17,090
Population
13,101
Households
1.3
Avg Household Size
54
Median Age
38%
College-Educated
95%
High-School Grad
20.5 sq mi
ZIP Area
834
Density / Sq Mi
$80,782
Median Household Income
$46,104
Median Earnings
$1,149
Median Rent
$399,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Walgreens Pharmacy — 3221 Bayshore Rd, North Cape May, NJ 08204
- Michael D. Mccoubrie, RPH — 3301 Bayshore Rd, North Cape May, NJ 08204
- COVID-19 Drive-Thru Testing at Walgreens — 3221 Bayshore Rd, North Cape May, NJ 08204
Frequently Asked Questions
What type of property is this?
Drug store - The existing tenancy includes extension options and scheduled rent increases.
Where is this drug store located?
The property is located at 3221 Bayshore Rd Cape May, NJ.
What are key features of this property?
This property features: Walgreens drugstore at 3221 Bayshore Rd, Lower Township, NJ 08204; Approximately 3.5 years remain on the lease, followed by three (5‑year) options; Rent increases to $299,279 on September 8, 2025
