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Fee Simple Walgreens NNN

4296 Route 130 Willingboro, NJ 08046

4296 Route 130, Willingboro, NJ, 08046
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Fee simple Walgreens with absolute net lease terms, zero landlord responsibilities, and a full Walgreens guaranty.

Property Size15,120 SF
Price / SF$244.71
AddedJun 18
Days on Market27
Last RefreshJun 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


Investment Insights

Based on property information with market context.

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.

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
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 (±1% cap)
NOI $226,105 @ 7.0% cap · market cap 6.11%
Second Best
Specialty Retail
$2.78M
$2.44M – $3.25M (±1% cap)
NOI $194,935 @ 7.0% cap · market cap 5.27%
Theoretical Best
Warehouse
$31.62M
$27.67M – $36.89M (±1% cap)
NOI $2,213,623 @ 7.0% cap · market cap 59.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Law Firm Real Estate Agency Building Supply HVAC Service Accounting Firm Parking Lot & Garage Auto Parts Store Skin Care Clinic Big Box & Wholesale Store Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market 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

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.
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