The subject property is located at the southwest corner of Route 322 and Paulsboro-Sweedesboro Road in the Township of Woolwich. The Township of Woolwich has a unique and valuable location in Southern New Jersey, as it is not only located between two north-south transit roads (the New Jersey Turnpike and Interstate 295), but is also serviced by a dominant east-west road, Route 322. Route 322 crosses into Chester, Pennsylvania via the Commadore Barry Bridge. By nature of its proximity to the I-95 corridor immediately across the Delaware River, several large office and distribution facilities are situated along Route 322 minutes from this site. Additionally, this site benefits from steady commuter traffic, as traffic flows by the site (and the busy Super Wawa on the opposing corner) heading to and from the Turnpike and 295.

The town of Sweedsboro is located immediately south of the site on Paulsboro-Sweedesboro Road. The local high school is approximately a mile away along this same road. Despite a slower residential sales market, this area continues to grow as over 5,000 units are in various stages of development and approvals. Additionally, less than two miles away at the intersection of Route 322 and the Turnpike, a local developer has a 300,000-400,000 SF power center project planned that will draw additional traffic along the road. Therefore, while the picturesque suburb of Woolwich maintains its charming rural character, CVS benefits from securing a prime location during the beginning stages of the market's growth.

Marcus & Millichap is pleased to offer for sale this newly constructed CVS Pharmacy in Woolwich Township, Southern New Jersey. This location commenced rent in January 2009 on a 25 year NN lease (see lease abstract for detail). This attractive, architecturally appealing building is at the epicenter of a growing bedroom community that is only minutes south of Philadelphia and northeast of Wilmington, Delaware. The site is immediately across from a new Super Wawa, and is pinned immediately between Interstate 295 and the New Jersey Turnpike.

Presently, this lease requires minimal administrative management by the landlord. Should a purchaser seek to acquire a location without management, the current ownership has suggested that it could have the lease amended in this manner for a potential purchaser.

Contact Agent for Full Offering Memorandum.