Fee Simple Walgreens
4296 Route 130, Willingboro, NJ 08046
Fee simple Walgreens with absolute net lease terms, zero landlord responsibilities, and a full Walgreens guaranty.
Type:Retail
Property size:
15,120 SFPrice / SF:
$244/SF- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 24 at 5:27 am
Property Features for 4296 Route 130
General Information
- Standard status
- Active
- Size
- 15,120 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing office RX Syndicate
Listing date Jun 18, 2026
Source Crexi
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 RX Syndicate
HighLights
- Fee simple Walgreens built in 2001 with an absolute net lease and zero landlord responsibilities.
- Walgreens recently extended the lease term early, with rents adjusted to market.
- Full Walgreens guaranty and preferred 5‑year option structure.
- Located on US 130 with more than 37,000 cars per day passing the store.
- Corner location surrounded by national retailers and in the path of travel to Virtua Willingboro (249‑bed hospital).
- Trade area includes auto dealerships along 130 and major retailers/distribution hubs within the broader Route 130 corridor.
Overview
This fee simple Walgreens is offered for sale with an absolute net lease structure that places zero landlord responsibilities on the owner. The property includes a full Walgreens guaranty and a preferred 5-year option structure. Walgreens recently exercised its option early, extending the term in exchange for adjusting the rents to market.
The store is positioned on US 130, described as a main retail corridor in the trade area with more than 37,000 cars per day passing the site. The corner location is surrounded by national retailers and is in the path of travel to a major healthcare hub anchored by the Virtua Willingboro campus, a 249-bed hospital.
For buyers considering a Walgreens investment with fee simple ownership, this asset is presented as a passive 1031 exchange fit. The lease terms, including the Walgreens guaranty and absolute net responsibilities, are designed to simplify owner involvement while maintaining a long-term operating commitment.
The store is positioned on US 130, described as a main retail corridor in the trade area with more than 37,000 cars per day passing the site. The corner location is surrounded by national retailers and is in the path of travel to a major healthcare hub anchored by the Virtua Willingboro campus, a 249-bed hospital.
For buyers considering a Walgreens investment with fee simple ownership, this asset is presented as a passive 1031 exchange fit. The lease terms, including the Walgreens guaranty and absolute net responsibilities, are designed to simplify owner involvement while maintaining a long-term operating commitment.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $339.3k | $22.44 |
| − Vacancy | −$16.3k | −$1.08 |
| EGI | $323.0k | $21.36 |
| − OpEx | −$96.9k | −$6.41 |
| NOI | $226.1k | $14.95 |
15,120 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.23M
$2.83M – $3.77M
NOI $226,105 @ 7.0% cap · market cap 6.11%
Second Best
Specialty Retail
$2.78M
$2.44M – $3.25M
NOI $194,935 @ 7.0% cap · market cap 5.27%
Theoretical Best
Warehouse
$31.62M
$27.67M – $36.89M
NOI $2,213,623 @ 7.0% cap · market cap 59.83%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Eastpark Pharmacy — 1 Rose St, Willingboro, NJ 08046
- Alpesh Patel — 4296 US-130, Willingboro, NJ 080462027
- Meghan Chan — 4296 US-130, Willingboro, NJ 08046
- Zujajah Shaikh — 4296 US-130, Willingboro, NJ 080462027
- Walgreens Pharmacy — 4296 US-130, Willingboro, NJ 08046
Location Insight
- Map
- Local Demand
- City
- Willingboro
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.900392
- Latitude
- 40.047894
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Fee simple Walgreens with absolute net lease terms, zero landlord responsibilities, and a full Walgreens guaranty.
Where is this drug store located?
The property is located at 4296 Route 130 Willingboro, NJ.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Fee simple Walgreens built in 2001 with an absolute net lease and zero landlord responsibilities.; Walgreens recently extended the lease term early, with rents adjusted to market.; Full Walgreens guaranty and preferred 5‑year option structure.
