465 Kearny Ave Kearny, NJ 07032

Listing agency Marcus & Millichap - Salt Lake City Show Phone

Listed by Andrew Knudsen · License #UT 9115765-SA00

Source Crexi

Added: Apr 11 Updated: Jul 21 at 10:45PM Checked: Jul 21 at 10:45PM

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Investment Insights

Based on property information with market context.

A Walgreens drug store built in 2015, totaling 12,670 square feet, located on a 1.1-acre lot on Kearny Avenue. The property includes a drive-through and is being offered as a ground lease. Included with the sale is a corporate guarantee of the lease from Walgreens, Co.

The original ground lease term is 20 years, expiring in March 2035, with the full lease including extensions extending to 2090. Lease increases are scheduled every five years starting in 2025, and the lease terms specify no responsibilities for the landlord.

The location is in Kearny, New Jersey within the northern New Jersey–New York metropolitan region, with access to major transportation routes including the New Jersey Turnpike, Interstate 280, and U.S. Routes 1 & 9. The town is also served by rail lines connecting New York City and broader destinations, and it is located within several miles of the ports of Elizabeth and Newark as well as Newark Liberty International Airport.

Key Highlights

• 12,670 SF Walgreens built in 2015 on a 1.1‑acre lot on Kearny Avenue in the Town of Kearny
• On‑site drive‑thru location
• Lease is structured as a ground lease with an original 20‑year term expiring March 2035

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Similar Off Market Nearby

• Walgreens Pharmacy — 248 Kearny Ave, Kearny, NJ 07032
• ShopRite Pharmacy of Kearny — 100 Passaic Ave, North Arlington, NJ 07031
• Daniel Kellner — 248 Kearny Ave, Kearny, NJ 070322505
• Malcolm Granderson — 100 Passaic Ave, Kearny, NJ 070321140
• CVS Pharmacy — 200 Passaic Ave, Kearny, NJ 07032

FAQs

What type of property is this?

Drug store - Newer Walgreens built in 2015 on Kearny Avenue, with drive-through and ground lease structure.

Where is this drug store located?

The property is located at 465 Kearny Ave Kearny, NJ.

What are key features of this property?

This property features: 12,670 SF Walgreens built in 2015 on a 1.1‑acre lot on Kearny Avenue in the Town of Kearny; On‑site drive‑thru location; Lease is structured as a ground lease with an original 20‑year term expiring March 2035