Walgreens NNN Retail
For Sale
Contact for pricing
36 Hillside Avenue, Hillside, NJ 07205
Freestanding drugstore leased under a long-term triple-net agreement with renewal provisions extending through 2091.
Property SizeContact for details
Days on Market145
Property Features for 36 Hillside Avenue
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Listing Agency:
Horvath & Tremblay
Listed By:
Bob Horvath · License #CT 756500
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 12:57AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The offering comprises the fee simple interest in a newly constructed Walgreens retail store supported by a long-term triple-net lease. The lease began on October 29, 2016, runs for twenty years, and provides automatic one-year renewal options through October 2091.
The property occupies a corner position at Hillside Avenue near the on/off ramp serving Route 22 in Hillside, New Jersey. The surrounding trade area combines dense retail and residential development, with access to the Newark Expressway (I-78) less than 1.5 miles away and Newark International Airport 3 miles away. Nearby retailers and commercial destinations include CVS, ShopRite, Lowe’s, Office Depot, Toys “R” Us, multiple quick-service restaurants, and three national car dealerships.
The property occupies a corner position at Hillside Avenue near the on/off ramp serving Route 22 in Hillside, New Jersey. The surrounding trade area combines dense retail and residential development, with access to the Newark Expressway (I-78) less than 1.5 miles away and Newark International Airport 3 miles away. Nearby retailers and commercial destinations include CVS, ShopRite, Lowe’s, Office Depot, Toys “R” Us, multiple quick-service restaurants, and three national car dealerships.
Key Highlights
- Walgreens retail store offered with the fee simple interest
- Triple‑net lease commenced on October 29, 2016
- Twenty‑year lease with automatic one‑year renewals through October 2091
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 21%
Groceries 12%
Mobil
Shops & Services
9,803 visits/mo
0.0 miles
Dunkin' Donuts
Dining
8,733 visits/mo
0.0 miles
Sunoco
Shops & Services
8,289 visits/mo
0.5 miles
Route 22 Toyota Service & Toyota Parts
Shops & Services
6,510 visits/mo
0.2 miles
Save-A-Lot
Groceries
5,060 visits/mo
0.2 miles
Demographics for 07205, NJ
22,432
Population
7,550
Households
3
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
8,011
Density / Sq Mi
$98,558
Median Household Income
$47,633
Median Earnings
$1,712
Median Rent
$363,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding drugstore leased under a long-term triple-net agreement with renewal provisions extending through 2091.
Where is this nnn property located?
The property is located at 36 Hillside Avenue Hillside, NJ.
What are key features of this property?
This property features: Walgreens retail store offered with the fee simple interest; Triple‑net lease commenced on October 29, 2016; Twenty‑year lease with automatic one‑year renewals through October 2091
