Walgreens Pharmacy  
Ewing, New Jersey

Property Overview

Built in 2017, this Walgreens features a drive-thru pharmacy and is situated at the signalized intersection of Parkside Avenue and Olden Avenue in Ewing, a suburb of Trenton in Mercer County, New Jersey. The property was built-to-suit to Walgreens' specifications and sits on a 1.35-acre parcel with strong visibility and access.

Location & Demographics

The property is located in the densely populated Northeast Corridor, approximately 35 miles from Philadelphia and 60 miles from New York City, with convenient access via Interstate 295 and U.S. Highway 1. Olden Avenue experiences over 27,500 vehicles per day and is surrounded by national retailers including Wells Fargo, Taco Bell, AutoZone, and Advance Auto Parts.

The 3-mile radius is home to over 126,000 residents with an average household income exceeding $97,000. Mercer County benefits from a highly educated workforce and major employers including Princeton University, Bank of America, and Amazon.

Tenant Profile

The lease is guaranteed by Walgreens Boots Alliance (NASDAQ: WBA), one of the nation's largest pharmacy and healthcare retailers with over 8,500 U.S. locations. The absolute NNN lease structure provides stable, passive income with no landlord responsibilities throughout the term.