1111 N High St Millville, NJ 08332
Property profile & analytics
1111 N High St Millville, NJ 08332
- Commercial real estate
- 1.95 lot acres
Property ID
US59-1110413
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Keith W. Wallace, RPH / Pharmacy
- Jennifer K. Wong, Pharm / Pharmacy
- Cardtronics ATM / Atm
- Walgreens Pharmacy / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 1111 N High St
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.95 lot acres
- Zone code
- B-4
- Property type
- Commercial real estate
- APN
- 10 00281-0000-00001
- APU
- 1000281000000001
Description
This exceptional investment opportunity presents a 14,490 square foot Walgreens pharmacy, situated on a 1.95-acre lot at a hard corner, signalized intersection in Millville, New Jersey. The property boasts a strong location with multiple access points from N. High St, N. 2nd Ave, and W. Harrison Ave, benefiting from combined traffic counts exceeding 24,506 vehicles per day. The absolute NNN lease, featuring a corporate guarantee from Walgreens, offers zero landlord responsibilities and provides significant peace of mind. With 4 years remaining on the original 25-year lease (with 10, 5-year options), this investment offers a stable and predictable income stream. The property's NOI is $375,000, resulting in an attractive 8.43% cap rate. Built in 2003, the property benefits from its proximity to major employers like ARC International (over 1,000 employees) and Inspira Medical Center (262-bed facility). The surrounding area includes national tenants such as Target, Walmart, Lowe's, and more, further enhancing the property's value and desirability. The asking price is $4,450,000, translating to $307.11 per square foot. The strong demographics, with a 5-mile radius population exceeding 54,142 and an average household income of $83,909, contribute to the long-term viability of this investment. This is a rare opportunity to acquire a high-performing, net-leased Walgreens property with a proven track record and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,085,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0389
- Latitude
- 39.4093
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$69,553
$0.00
$0.00
$1,834,700
-
$480,000
$1,420,000
$1,900,000
