Private Investor Sells Retail Property In Williamstown For $4.8M With Marcus & Millichap

A private investor sold a nearly 14,840 SF AutoZone store located at 2099 North Black Horse Pike, Williamstown, New Jersey, for $4.8M. The transaction involved a 2.11-acre property that was converted from a vacant Rite Aid following a renovation and a new long-term lease with the retailer. The price per square foot for the property was $323.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,800,000
• Square Footage: 14,840 SF
• Address: 2099 North Black Horse Pike
• Market: Williamstown

Marcus & Millichap represented both the seller and buyer in this transaction. The brokers involved in the deal include Mark Krantz, Derrick Dougherty, Jim McGuckin, Seth Goldberg, Alan Cafiero, and Brent Hyldahl. The property is situated at a high-traffic intersection in South Jersey.