115 Morris Ave, Springfield, NJ 07081

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115 Morris Ave is located in Springfield, NJ.

EXP Realty Advisors exclusively presents for sale a newly constructed Walgreens located in Springfield, NJ with a rent increase in 10 years. The building is 13,369 sf, on 1.25 acres of land and was constructed in 2013. The property is located less than one mile off of Interstate 78, and Route 24, and just 4 miles from the Garden State Parkway. Retailers in the direct vicinity of the property include Target, Shop Rite, Home Depot, Best Buy, Whole Foods, and Sleepy’s. The site is also located just 4 miles from the Short Hills Mall, a 1.3 million square foot high-end shopping plaza anchored by Bloomingdales, Macy’s, Nordstrom’s, Neiman Marcus, and Saks Fifth Avenue. The property is located at the three-way signalized intersection of Morris Avenue, Meisel Avenue, and Maple Avenue. The site is also located just 7 miles from Newark’s Liberty International Airport. Unlike most Walgreens leases, this lease includes a rent bump in year 10 of the lease term.

Springfield is an affluent New York City suburb located just 18 miles from Manhattan. Union County ranks 93rd among the highest income counties in the United States and is one of the most densely populated areas in the country. Springfield experienced 10% population growth from 2000 to 2010 according to the US census, and is part of the New York MSA.