4296 Route 130 Willingboro, NJ 08046
Fee simple Walgreens with absolute net lease terms, zero landlord responsibilities, and a full Walgreens guaranty.
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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