- For Sale $3,991,304
- Property Type Retail - Freestanding
- Property Size 7,511 SF
- Lot Size 0.17 Acre
- Date Updated Jun 27, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- 5% Rental Increases Every 5 Years During the Base Term and Option Periods
- Absolute Net Lease | 13-Years Remaining | Passive Investment with Zero Management Required
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
- Dense, Transit-Oriented Neighborhood – Located in the Heart of Newark’s Ironbound District, a Walkable and Rapidly Evolving Area Surrounded by Residential, Retail, and Major Transportation Infrastructure
- Fee-Simple Ownership Allowing Investors to Depreciate Land and Building
- Immediate Proximity to Newark Liberty International Airport – Less than 2 Miles from One of the Nation’s Busiest Airports, Generating High Daytime Population and Supporting Strong Retail Demand
- Located at the corner of Ferry Street and Monroe Street, a Signalized Intersection with Approximately 14,000 VPD+
- Over 259,000 Residents and Average Household Incomes of $63,540+ within a 3-Mile Radius
- Prime Urban Location Minutes from NYC | Situated Just 8 miles from Midtown Manhattan with Direct Access via Nearby NJ Transit and PATH Stations, Driving Consistent Commuter and Local Foot Traffic
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Contacts
Location
Getting Around
-
Walk Score ®
99/100 Walker's Paradise
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Transit Score ®
90/100 Rider's Paradise
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Bike Score ®
68/100 Bikeable
- City Newark, NJ
- Neighborhood North Ironbound
- Zip Code 07105
- Market New Jersey
Points of Interest
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Harrison
0.68 miles
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NJPAC/Center Street
0.75 miles
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Washington Street
1.00 miles
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Atlantic Street
1.10 miles
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Harriet Tubman Square
1.12 miles
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Riverfront Stadium
1.21 miles
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Broad Street Station
1.39 miles
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Warren Street/NJIT
1.45 miles
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Orange Street
1.98 miles
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Newark Liberty Airport
2.42 miles
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Mobil
0.20 miles
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BP
0.27 miles
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Sunoco
0.39 miles
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Speedway
0.58 miles
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Exxon
0.62 miles
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Valero
0.76 miles
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Delta
0.86 miles
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Lukoil
1.15 miles
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Tesla Supercharger
1.82 miles
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Greenspot
8.70 miles
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Saint James Parking Garage
0.19 miles
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2 Penn Plaza East
0.33 miles
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Riverfront Garage
0.52 miles
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Mulberry Commons Parking
0.59 miles
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One Newark Center Garage
0.65 miles
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Raymond Boulevard Garage
0.70 miles
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NJPAC Lot C
0.72 miles
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Handicapped Parking
0.72 miles
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Essex County Park Parking Lot
0.79 miles
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NJPAC Lot A
0.81 miles
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McDonald's
0.02 miles
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Casa Nova Brazilian Steakhouse
0.06 miles
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Churrascaria Boi Na Brasa
0.07 miles
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VIVO Tapas KITCHEN • LOUNGE
0.08 miles
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Sabor Unido
0.12 miles
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Manu's Kitchen Bar and Sushi Lounge
0.14 miles
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Hamburgão
0.15 miles
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Taqueria & Cafe Morelos
0.16 miles
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El Mejin Restaurant
0.17 miles
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Squisito Sabor
0.17 miles
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ABC Super Store
0.06 miles
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70 Adams Street Plaza
0.07 miles
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Bonzão Supermarket
0.08 miles
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Seabra's Market
0.19 miles
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Selectos supermarket
0.35 miles
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Seabra Foods
0.44 miles
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SaveSmart of Newark
0.52 miles
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Whole Foods Market
0.92 miles
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Met Foodmarkets
1.01 miles
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Angelo's mini market
1.07 miles
Frequently Asked Questions
The space currently listed for sale at Walgreens asks for $3,991,304.
Walgreens totals 7,511 square feet.
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Encore Real Estate Investment Services